Ooredoo Maldives has credited strong government support for the company’s progress in introducing PayPal services to the Maldives,  a move expected to significantly expand opportunities for local businesses and freelancers.

Speaking on the “Heyanbo” program aired on state media, Ooredoo Fintech Maldives CEO and Managing Director Khalid Al Hamadi confirmed that PayPal services will soon be available in the country, marking the Maldives as the first market where Ooredoo will roll out this global payment platform.

Khalid emphasized that the government, particularly the Ministry of Economic Development and Trade, has played a vital role in facilitating the initiative.

He noted that Ooredoo worked closely with Minister Mohamed Saeed to overcome various challenges encountered during the process.

Khalid said that Ooredoo  reached this stage with the government’s excellent cooperation, adding that Ooredoo remains committed to advancing President Dr. Mohamed Muizzu’s “Maldives 2.0” vision by promoting digital and financial inclusion.

Khalid also revealed that the Maldives Monetary Authority (MMA) has granted Ooredoo Fintech Maldives permission to facilitate foreign currency inflows,  a key regulatory step that will allow PayPal services to operate through Ooredoo’s m-Faisaa platform.

Ooredoo announced last Wednesday that the PayPal partnership will bring substantial benefits to both individuals and businesses, enabling Maldivians to make and receive payments globally through linked PayPal and m-Faisaa accounts.

The service is expected to be officially launched next year.

The introduction of PayPal is highly anticipated by Maldivians, especially young entrepreneurs and digital freelancers.

President Dr. Mohamed Muizzu had recently reiterated his commitment to bringing leading online payment solutions such as PayPal to Maldivians, describing it as a step toward expanding the country’s creative economy.