Economy Economy / Ooredoo Maldives Impact 8.0/10 3 min read

Saeed credits president for bringing PayPal to Maldives

Minister of Economic Development and Trade Mohamed Saeed credited President Dr Mohamed Muizzu for bringing PayPal to the Maldives. PayPal services were officially launched through a partnership between PayPal and Ooredoo Fintech, integrated with Ooredoo's digital wallet platform m-Faisaa. Saeed said discussions began in 2024, leading to regulatory amendments. President Muizzu had earlier stated that the lack of a robust online payment system hindered SME growth. The launch is expected to provide access to international markets for businesses and content creators.

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Mar 3, 2026

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Minister of Economic Development and Trade Mohamed Saeed credited President Dr Mohamed Muizzu for bringing PayPal to the Maldives. PayPal services were officially launched through a partnership between PayPal and Ooredoo Fintech, integrated with Ooredoo's digital wallet platform m-Faisaa. Saeed said discussions began in 2024, leading to regulatory amendments. President Muizzu had earlier stated that the lack of a robust online payment system hindered SME growth. The launch is expected to provide access to international markets for businesses and content creators.

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