PayPal was officially launched in the Maldives by President Dr. Mohamed Muizzu at a ceremony at Bandos Nasandhura, fulfilling a campaign pledge to introduce e-wallets and modern online payment systems. The service runs through Ooredoo's m-Faisaa after an inward remittance license was granted to Tecfin Maldives in October 2025.
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Being able to make trusted financial transactions gives freelancers, business owners, and people looking for new opportunities a real chance to grow.
This is an important step on our journey toward a digital Maldives. It will give people more opportunities on the international stage.
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noting that the company has spent around 20 years bringing world-class digital services to the Maldives
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After the proposal was first submitted in August 2024, the necessary inward remittance license was granted to Tecfin Maldives, an Ooredoo company, in October 2025
Word for word from the report in Maldives News Network. Open the report
the necessary inward remittance license was granted to Tecfin Maldives, an Ooredoo company, in October 2025, with testing completed earlier this year
Word for word from the report in Maldives News Network. Open the report
