Dhiraagu Fintech, Habib Bank Limited (HBL), and Commercial Bank of Maldives (CBM) have joined the instant payment system launched by the Maldives Monetary Authority (MMA).

MMA confirmed that all necessary preparations and pilot testing have been completed, allowing customers to access services like Favra Transfer, Favra Request, Favra ID, and Favra Recall. With all banks in the Maldives now connected to the Favra system, transactions between different banks will be faster and more convenient.

MMA also stated that more payment service providers are expected to join Favra soon.