Maldives ready to support FinTech companies with robust...

Minister of Homeland Security, Labour and Technology Ali Ihusaan stated that the Maldives is fully prepared to provide a robust cybersecurity framework to support international fintech platforms like PayPal. Speaking on the Trade Desk podcast, he said strengthening cybersecurity is a key pillar of the government's Maldives 2.0 agenda. Work is underway to establish the necessary legal framework. The government has established a Cybersecurity Agency, a Cyber Operations Centre, and a Security Operations Centre within the Maldives Police Service, all fully operational. Strict cybersecurity standards have been introduced for network service providers, telecom operators, and fintech companies, with regular audits. The introduction of PayPal is a key pledge of President Dr Mohamed Muizzu, aimed at advancing the digital and creative economies by enabling freelancers and SMEs to receive overseas payments more easily.

Minister of Homeland Security, Labour and Technology Ali Ihusaan stated that the Maldives is fully prepared to provide a robust cybersecurity framework to support international fintech platforms like PayPal. Speaking on the Trade Desk podcast, he said strengthening cybersecurity is a key pillar of the government's Maldives 2.0 agenda. Work is underway to establish the necessary legal framework. The government has established a Cybersecurity Agency, a Cyber Operations Centre, and a Security Operations Centre within the Maldives Police Service, all fully operational. Strict cybersecurity standards have been introduced for network service providers, telecom operators, and fintech companies, with regular audits. The introduction of PayPal is a key pledge of President Dr Mohamed Muizzu, aimed at advancing the digital and creative economies by enabling freelancers and SMEs to receive overseas payments more easily.

Minister of Homeland Security, Labour and Technology Ali Ihusaan stated that the Maldives is fully prepared to provide a robust cybersecurity framework to support international fintech platforms like PayPal. Speaking on the Trade Desk podcast, he said strengthening cybersecurity is a key pillar of the government's Maldives 2.0 agenda. Work is underway to establish the necessary legal framework. The government has established a Cybersecurity Agency, a Cyber Operations Centre, and a Security Operations Centre within the Maldives Police Service, all fully operational. Strict cybersecurity standards have been introduced for network service providers, telecom operators, and fintech companies, with regular audits. The introduction of PayPal is a key pledge of President Dr Mohamed Muizzu, aimed at advancing the digital and creative economies by enabling freelancers and SMEs to receive overseas payments more easily.

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