Faisawear rings are high quality, waterproof, hypoallergenic payment Ceramic Rings.

No returns/refunds are accepted after issuance of device or after fees have been deducted. Customer must ensure the size of the rings prior to purchase, by visiting our branches or confirm ring size through any online ring sizer guide.

3 years from the issuance date.

You can request a replacement via faisanet.

faisawear device will not be auto renewed. Customer must request for a new device if renewal required.

You can change your PIN using FaisaNet, FaisaMobile, or by visiting an MIB branch.

Transaction limits adhere to the existing contactless limits of Debit Cards. Customer can use contactless transactions up to MVR 750 without the PIN. And MVR 750 and above with the PIN.

No, each FaisaWear device is linked to one account. Should you require to change the linked account you must send us a request through Faisanet.

If your device is lost or stolen, you can immediately block it via FaisaNet, FaisaMobile, or by contacting the MIB Call Centre.

You can activate your device through FaisaNet and FaisaMobile.

The faisawear device can be used only on POS machines for contactless transactions.

Yes, if your FaisaWear device is linked to a USD account, you can use it both domestically and internationally. MVR-linked devices are for domestic use only. MIB 9 customer with MVR salary accounts linked to the device, can use it for foreign purchase up to the allocated USD limit.

Yes. Annual and Joining Fees will be charged to the customer as below.

Any changes to these fees will be updated in the list of charges of the Bank.

Visit hulhumale’ branch or male’ business centre to check ring size & purchase a ring instantly or You can apply for a FaisaWear device through ApplyNow Portal.

FaisaWear is MIBs range of wearable payment devices that allow users to perform contactless transactions by tapping the device on the POS terminals. It’s a convenient and secure way to make purchases without carrying your wallet.