MMA request for PayPal payment gateway


Maldives Governor Ali Hashim

Maldives Monetary Authority (MMA) on Wednesday, confirm requesting international money transfer application; PayPal to open payment gateway.

Moreover, Maldives Governor Ali Hashim notes the country’s central and national bank have forwarded requests to setup the payment gateway.

According to Governor Hashim, the payment system will operate in accordance with ISO 222 standards.

Furthermore, once the bill on payment systems and services go through implementation – PayPal will have no legal intervention to provide its services.

“We are currently facing the issue regarding PayPal transactions. Whether Maldives come under their strategic plan or not. We have written to them requesting for service, with mounting pressures,” Hashim comments.

Additionally, the Maldivian governor confirms the decision to provide payment gateway rests upon PayPal.