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CBM, DhiraaguPay collaborate for seamless cash in service

Ahmed Aiham
18 December 2019, MVT 08:58
CEO and Managing Director of CBM Dilan Rajapakse (C-L) and Dhiraagu CEO and Managing Director Ismail Rasheed (C-R) at the signing ceremony. PHOTO: DHIRAAGU
Ahmed Aiham
18 December 2019, MVT 08:58

Local telecommunications giant Dhiraagu and the Commercial Bank of Maldives (CBM) on Tuesday, signed an agreement to integrate its electronic wallet and cashless payment system 'DhiraaguPay' and CBM account holders by facilitating direct cash in service.

“We thank CBM for the collaboration, this will be a great value addition to DhiraaguPay customers and merchants as it makes cash in and payment process more convenient", said Dhiraagu CEO and Managing Director Ismail Rasheed during the signing ceremony.

"We will continue to work with other financial institutions to extend this convenience to more customers in our endeavor to contribute towards a cashless economy”.

According to Dhiraagu, CBM customers can utilize their online banking portal to securely cash in, thus eliminating third-party payment gateways.

CEO and Managing Director of CBM Dilan Rajapakse said, “a 'real mobile wallet’ has been long-awaited".

Introduced in 2017, over 230 merchants now accept DhiraaguPay. Select merchants offer discounts up to 50 percent on every e-transaction.

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