Ooredoo Maldives has announced that it has officially begun the trial runs of its international money transfer service via m-Faisaa. Ooredoo was granted the license to provide payment service required for remittance service in the Maldives earlier this year by Maldives Monetary Authority (MMA), under the new National Payment System Act.
Ooredoo stated it has been working on integrating its systems with its international partners and conducted various testing of the system, and that the trial phase is a stepping stone to achieve an important milestone by providing the international money transfer service to its m-Faisaa customers, expanding boundaries of mobile money.
The official launch of the service in the coming months will allow m-Faisaa customers to send money to their family and friends across the globe. Customers can send money in Maldivian Rufiyya with real-time transfer directly to their account or digital wallets in either USD or the receiver’s home currency.
Chief Commercial Officer (CCO) Hussain Niyaz said Ooredoo has reached an important point in its journey to achieve another great milestone and that 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 stated it welcomes customers from any network to use m-Faisaa services including international money transfer service and that it looks forward to continue working closely with MMA to provide innovative payment solutions and enhance digital financial services for communities and businesses across the nation.