Male, July 25 -- In a key development during Prime Minister Narendra Modi's visit to the Maldives, the Maldives Monetary Authority (MMA) has signed an agreement with NPCI International Payments Limited (NIPL) to integrate the digital payment systems of both countries.

In a press release, Maldives' Ministry of Economic Development and Trade welcomed "the major step forward" in modernizing the Maldives payment systems.

"During Prime Minister Narendra Modi's ongoing state visit, the Maldives Monetary Authority (MMA) signed an important agreement with NPCI International Payments Limited (NIPL) to integrate the payment systems of both countries," the release said.

"Beyond convenience for individuals, this initiative will boost trade between...