TechFin Maldives Pvt Ltd, a subsidiary of Ooredoo Maldives, has officially received the Payment Service Provider (PSP) license from the Maldives Monetary Authority (MMA). This significant achievement positions TechFin Maldives to offer a range of licensed payment services, further expanding its role in providing innovative and secure digital financial solutions throughout the Maldives.
With the PSP license, TechFin Maldives will now manage Ooredoo’s widely-used digital wallet, m-Faisaa, and its remittance services. This transition reflects Ooredoo’s strategic focus on enhancing its digital financial services, creating a streamlined approach to fintech solutions that cater to the evolving needs of the Maldivian population.
The m-Faisaa platform, which has revolutionised financial transactions in the country, offers customers a simple and efficient way to make payments, transfer funds, and access remittance services. By operating under TechFin Maldives, these services are set to be further strengthened, reinforcing the company’s commitment to developing a robust digital financial ecosystem in the Maldives.
This move highlights Ooredoo’s ambition to deliver cutting-edge financial technology that addresses the changing demands of its customers, ensuring the continuation of innovative solutions in the Maldivian digital economy.
