Foreign Minister Moosa Zameer has announced that the challenges of introducing PayPal services to the Maldives will be addressed with the assistance of the United States. The statement was made during a ceremony marking the one-year anniversary of the establishment of the US Embassy in the Maldives.
Speaking at the event, Minister Zameer emphasized the growing relationship between the Maldives and the US, noting that recent collaborations, such as the third round of Trade and Investment Framework Agreement talks in July, have further strengthened bilateral ties. The introduction of PayPal services in the Maldives, he said, is expected to be a significant economic boost, made possible with US support.
“The biggest help we can get through the US-Maldives relationship is introducing PayPal service in Maldives. We are a small market but with the help of the US, the service will overcome the challenges and it will benefit our economy a lot,” Zameer remarked.
Currently, PayPal services in the Maldives are limited to sending money, which has hindered many businesses and income-generating activities that rely on online transactions. Addressing this issue has become a priority for the Maldivian government, as reflected in President Dr. Mohamed Muizzu’s pledge to make PayPal and other online payment systems fully accessible.
Last month, the Maldivian government submitted a proposal to PayPal, and Economic Minister Saeed held discussions with PayPal officials to address the challenges. Minister Saeed also engaged with relevant US officials during a recent visit to the US to further the efforts to bring PayPal services to the Maldives.
The US Embassy in the Maldives, established last year, is headed by Ambassador Hugo Yue-Ho Yon.
