PayPal and Ooredoo announce intent to collaborate in Maldives

Maldives, 14 October 2025 – Ooredoo Fintech and PayPal announced their intent to collaborate in Maldives and are actively working on finalizing details of the partnership.

The intended partnership is expected to benefit both consumers and businesses in the Maldives. Expected to go live in 2026, consumers will be able to shop with PayPal merchants globally, and transfer funds between their PayPal and m-Faisaa accounts. Maldivian businesses will also be able to reach and sell to new customers overseas, marking a significant milestone in the nation’s journey toward a fully digital economy.

“As the Maldives accelerates its digital transformation, enabling cross border transactions is a critical enabler for both our citizens and businesses. With Ooredoo Fintech and PayPal announcing their intent to collaborate towards linking PayPal wallets to local m-Faisaa wallets, this is an exciting time for individuals and businesses in the Maldives.” Khalid Al Hamadi, CEO & Managing Director of Ooredoo Fintech Maldives.

“Today’s announcement that PayPal and Ooredoo Fintech are working together in the Maldives to link PayPal wallets with m-Faisaa marks a pivotal moment for our nation. We look forward to the opportunity to empower our citizens and businesses to engage directly in cross border commerce, unlock new opportunities, and create jobs at home. This initiative has the potential to strengthen our economic transformation, enabling the Maldives to successfully compete in the global digital economy, while ensuring we bridge the digital divide and leave no community behind.” Mohamed Saeed, Minister of Economic Development (Draft quote, to be vetted and verified by Minister’s department)

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Mary Naaz

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