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BusinessNews

PayPal via mFaisaa: no extra transfer fees, only standard PayPal charges

By Ahmed Ashraf Published 6 hours ago

Maldivians receiving international payments through PayPal can now access their funds via mFaisaa without paying any additional transfer fees to Ooredoo, according to information released by Ooredoo Fintech.

The clarification comes as interest grows following the launch of PayPal payment receiving capabilities in the Maldives through mFaisaa. Many users have sought details on the actual cost of receiving money from overseas clients, customers, family members and other sources.

Under the current arrangement, users are required to pay only PayPal’s standard receiving fee of US$1.50 plus 2 percent of the transaction amount, while Ooredoo does not impose any extra charges for transferring funds from PayPal to an mFaisaa wallet.

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For example, a payment of US$100 would incur a PayPal fee of US$3.50, leaving the recipient with US$96.50.

Ooredoo Fintech said transparent pricing is particularly important for freelancers, entrepreneurs and individuals who rely on international payments. Clear fee structures allow users to accurately calculate their earnings, set service prices and manage finances more effectively when working with overseas clients and customers.

The company noted that broader access to global payment platforms can help Maldivians participate more actively in the digital economy. This includes professionals such as graphic designers, software developers and content creators who earn income online, as well as families receiving funds from abroad.

According to Ooredoo Fintech, the decision not to charge additional transfer fees reflects a customer-focused approach aimed at lowering barriers to international commerce and supporting local businesses seeking access to global markets. The company added that affordable and transparent payment services can contribute to entrepreneurship, economic participation and increased foreign currency inflows through digital channels.

The introduction of PayPal receiving services through mFaisaa is expected to provide new opportunities for Maldivians to engage with international clients and customers while benefiting from a simpler and more accessible digital payments ecosystem.

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