The Maldives Monetary Authority (MMA) has granted Ooredoo Fintech Maldives an Inward Remittance License, marking a key milestone in expanding digital financial services across the nation. The new approval enables users to receive international remittances directly into their m-Faisaa digital wallets.
At a special ceremony held at the MMA headquarters, Governor Ahmed Munawwar officially handed over the license to Fatima Al Kuwari, Board Member of Ooredoo Fintech Maldives and Chairperson of Ooredoo Maldives, and Chief Executive Officer Khalid Al-Hamadi.
The move is expected to make cross-border transactions more accessible and secure, particularly for freelancers, small business owners, and families who rely on overseas income. With this new capability, users can receive funds from abroad without intermediaries, offering faster and more flexible money management options.
Khalid Al-Hamadi, CEO and Managing Director of Ooredoo Fintech Maldives, said the new license reflects Ooredoo’s ongoing support for the MMA’s vision of a cash-lite, digitally driven economy. He highlighted that m-Faisaa’s expanding services—from bill payments and merchant QR transactions to domestic and soon international transfers—are contributing to a more connected and digitally empowered Maldives.
The introduction of inward remittances through m-Faisaa aligns with Ooredoo’s broader strategy to strengthen its fintech ecosystem across markets in the Middle East, North Africa, and Southeast Asia, supporting digital inclusion and financial empowerment throughout the region.
