BML enables transactions on online foreign money transfer platforms and digital wallets

News

Bank of Maldives has today enabled transactions on previously blocked foreign merchants including selected money transfer platforms and digital wallets.

With this change, customers can use the Bank’s Visa USD Credit Card or Mastercard Prepaid USD Travel Card to seamlessly send and receive funds from these platforms.

Further, customers can also use BML issued Debit card with USD account as the card’s primary account to send money to these merchants.

On today’s change, Bank of Maldives CEO Karl Stumke said, "We understand the importance of supporting freelancers and small merchants who rely on payments received from overseas for their livelihoods and well-being and we are delighted to enable this for our customers as another step towards enhancing our banking and payment experience."