Atoll Payments

Atoll Payments is in the process of becoming a licensed payment service provider in the Maldives, actively engaging with the Maldives Monetary Authority (MMA) through the regulatory approval process. Our mission directly supports MMA's national objectives of strengthening financial inclusion, accelerating digital payments adoption, reducing cash dependency, and modernizing the country's payment infrastructure. We believe every Maldivian—whether an individual or a business, in Malé or the outer atolls—deserves access to simple, affordable, and truly local digital payment services.

Pending regulatory approval, Atoll Payments intends to help build a more inclusive, efficient, and digitally connected Maldivian economy.

When you buy hedhikaa from your local café, fill up your scooter, purchase clothing for Eid, or pay for groceries to feed your family—these are everyday moments between Maldivians. There is no reason a corporation in New York, London, or Singapore should be involved in these transactions, taking a percentage of every sale.

Atoll Payments is 100% Dhivehi-owned and operates entirely on national payment infrastructure built and regulated by MMA. We do not use Visa, Mastercard, American Express, or any foreign payment scheme. When you pay a Maldivian merchant through Atoll Payments, the money moves directly between Maldivian bank accounts, processed by Maldivian systems, governed by Maldivian rules.

This is how it should be. Foreign payment networks have their place for international travel and overseas purchases—but for the roshi you eat for breakfast, the fuel in your dhoni, the school supplies for your children? That should be ours.

In most payment systems, merchants are not the customer—they are a cost center. Banks design products for cardholders and treat merchants as a necessary inconvenience: sign here, accept these terms, pay these fees, wait for settlement, figure out reconciliation yourself.

Atoll Payments exists to change this. We believe merchants—the businesses that employ Maldivians, serve communities, and drive our economy—deserve to be treated as valued customers, not as an afterthought.

Today, merchants face a fragmented reality. Their accounting software doesn't communicate with their payment terminal. Daily sales require manual reconciliation. Bank statements arrive in formats that don't match their books. Settlement timing is unpredictable. Support is impersonal. The tools businesses need to operate and the payment services banks provide exist in entirely separate worlds, leaving merchants to bridge the gap themselves.

We are building something different: payment services designed around how merchants actually run their businesses—with clear pricing, real-time information, seamless reconciliation, and support that treats you as the customer you are.

When a customer pays you, that money should be yours immediately—not tomorrow, not in two business days, not "pending processing." Traditional bank settlement leaves merchants waiting, cash flow uncertain, and planning difficult. This delay exists for the bank's convenience, not yours.

Atoll Payments is built on national instant payment infrastructure. When a customer scans and pays, you see it immediately. The money moves in seconds. No waiting, no batching, no mystery about what cleared and what didn't.

But speed alone isn't enough. Every transaction should arrive with the information you need—matched to the sale, ready for your books, exportable to your accounting software. No more printing terminal receipts and manually entering figures. No more end-of-day reconciliation that takes an hour when it should take none. We believe the payment and the record should be the same thing, arriving together, automatically.

Your time is better spent running your business than chasing your own money.

Your customers bank with BML, MIB, SBI, or use an e-money wallet. Today, accepting payments from all of them can mean multiple terminals, multiple relationships, multiple statements to reconcile—or turning customers away because you don't support their bank.

Atoll Payments offers one QR code that accepts payments from any participating Maldivian bank or e-money provider. Your customer opens their existing banking app, scans your code, confirms the amount, and pays. It doesn't matter which bank issued their account. It doesn't matter which app they prefer. One code. Every customer.

This is the promise of interoperability that MMA's national payment infrastructure was built to deliver. We simply make it accessible—one simple integration for your business, no complexity, no fragmentation, no customers left unable to pay.

You focus on serving your customers. We make sure all of them can pay you.