Ooredoo Maldives was granted the license to provide payment service required for remittance service in the Maldives earlier this year by the central bank – Maldives Monetary Authority (MMA), under the new National Payment System Act.
Since the issuance of the license, Ooredoo Maldives has been working on integrating its systems with its international partners and conducted various testing of the system. According to Ooredoo Maldives kickstart of its trial phase is a stepping stone to achieve an important milestone by providing the international money transfer service to its m-Faisaa customers, expanding the boundaries of mobile money.
Moreover, Ooredoo Maldives stated that with official launch of the service in the coming months will allow m-Faisaa customers to send money to their family and friends across the globe and customers can send money in Maldivian Rufiyaa with real-time transfer directly to their account or digital wallets in either USD or receivers’ home currency.
According to Ooredoo Maldives Chief Commercial Officer, Hussain Niyaz, they have achieved significant milestones in their journey and ooredoo’s aim is to broaden customers’ horizons through digital solutions. With the official launch of international money transfer via m-Faisaa will enable customers to send money across the world from anywhere, anytime, expanding the financial opportunities of the people across the nation, Niyaz added.
In addition, m-Faisaa service including international money transfer service can be used by customers from any network. Also Ooredoo will continue working closely with MMA to provide innovative payment solutions and enhance digital financial services for communities and businesses across the nation.











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