Maldives submits proposal to introduce full PayPal services

COLOMBO, Sept. 1 (Xinhua) — The Maldivian government has submitted a proposal to bring PayPal, an online payment system widely used in most countries for online money transfers, to the Maldives, according to Minister of Economic Development and Trade Mohamed Saeed.
He made the announcement during an interview with PSM, the country’s state media, on Saturday night.
Currently, while PayPal users in the Maldives can send money, they are unable to receive funds through the platform, Saeed said. He added that the government’s proposal was submitted to PayPal Holdings a few days earlier and expressed optimism about reaching an agreement with PayPal soon.
Last month, Saeed held discussions with representatives from PayPal Holdings to address the challenges faced in launching PayPal services in the Maldives. ■