A drive with a view. π
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NEED of wider community better supported with this change
- Medical
- Education
- Travel
- Online subscriptions
- SME support
- E-comm (155k merchants incl. Amazon/Apple etc.)
We spend over $45 million per month to support customers on their foreign purchases and 75% is used for online e-commerce transactions. The six merchants announced today make up a third of these transactions, and Temu alone makes up over $7 million a month, mostly used for business purposes. The changes announced today are to prioritize the requirements of the wider community.
@HaleemAppleseed@bankofmaldives None of your credit cards will attract this charge. Neither use on any of the in person purchases or 155k online merchants. It is just the named few merchants.
@bankofmaldives Its been ages since businesses have been surviving on as little as $1000 or 5% support from the Bank. This change is definitely the best news since reopening borders after Covid.