Ooredoo Maldives begins International Money Transfer trial

Ooredoo Maldives begins International Money Transfer trial

Ooredoo Maldives has commenced a trial of its International Money Transfer service via m-Faisaa.

The operator 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, under the new National Payment System Act.

Since the issuance of the licence, Ooredoo Maldives has been working on integrating its systems with its international partners and conducted various tests of the system. Customers can send money in Maldivian Rufiyya with real-time transfer directly to their account or digital wallets in either USD or receivers’ home currency. Additionally, the service will be available to customers of any network.

“Our aim is to broaden the horizons for our customers through digital solutions. 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." Ooredoo Maldives Chief Commercial Officer, Hussain Niyaz.

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