Dhiraagu’s subsidiary company, Dhiraagu Fintech has launched their upgraded DhiraaguPay platform, providing customers with a more advanced and user-friendly solution for all their payment needs.

At the event held to launch the new platform of DhiraaguPay, the chief guest, Mr. Ahmed Munawar, Governor of Maldives Monetary Authority (MMA), highlighted that Dhiraagu should be at the forefront of innovation, particularly within the financial sector. He noted that banks cannot drive this transformation on their own, and telecom operators like Dhiraagu are playing a pivotal role in leading innovation and driving change. He further emphasized that through collaboration, the country can attract more investments.

During the event, Mr. Ismail Rasheed, CEO and MD of Dhiraagu and Chairman of Fintech Pvt Ltd, expressed that DhiraaguPay had evolved from a simple e-wallet into a sophisticated and inclusive payment system. He highlighted that Dhiraagu proudly possesses the most robust and inclusive digital infrastructure network in the country. He stated that the next step is to introduce more digital services to enhance the lives of customers and communities, contributing to the advancement of the country. He also emphasized that the purpose of the company is to enrich lives, communities, and businesses, and that this launch is a significant step in that direction.

Ms. Fazleena Fakir, Managing Director of Dhiraagu Fintech, stated that what had been introduced is not just an upgrade, but a revolution that transforms how money is managed, and transactions are made. She emphasized that DhiraaguPay empowers customers to manage their finances securely and effortlessly, anytime, anywhere. The vision for DhiraaguPay, she noted, is simple, which is to bring the future of Fintech solutions to the fingertips of every local and foreigner alike.

With the upgraded new DhiraaguPay platform customers will now have access to a wide range of services required to make financial transactions, which now includes exciting features like bill splitting, sub-wallets, peer-to-peer transfers, FAVARA transfers, bill payments, and spending insights for a smarter and more convenient payment experience. Additionally, those who were using the old platform will be able to securely migrate the remaining funds in their accounts to the new platform.

Dhiraagu Fintech is a 100% subsidiary company of Dhiraagu, which was established in 2023 with the aim of providing technological solutions to the challenges in the financial system in Maldives. Dhiraagu Fintech is the first indirect participant to the Maldives Instant Payment System (FAVARA). The company is at the forefront of building the digital economy in the country.