Bank of Maldives (BML) has officially opened registrations for the limited release of its digital wallet, ‘Swipe’.
This is an opportunity to experience a 100% Maldivian-developed product designed to facilitate seamless financial transactions both locally and internationally.
According to BML, the chance to use Swipe during this limited release phase will be granted to the first 5,000 customers who register via swipe.mv. Once registered, customers will gain access to a range of features, including person-to-person transfers, QR payment capabilities, and detailed insights into their spending patterns. Additionally, the bank noted that users can easily send payment links, top up their wallets, and transfer funds from the wallet back to their BML accounts.
Swipe has been engineered in full compliance with local regulatory frameworks and international payment standards. As a multi-currency wallet, it allows users to top up using any credit or debit card linked to Bank of Maldives accounts.
Key benefits of Swipe include:
• Facilitating the export of Maldivian products to international markets.
• Enhancing the Maldivian tourism sector.
• Providing a product that rivals world-renowned payment wallets.
• Showcasing a fintech innovation driven by the talent of Maldivian youth.
• Connecting the Maldives to the global economy.
Developed with state-of-the-art security measures and adhering strictly to international and local financial regulations and payment protocols, Swipe serves as a domestic digital alternative to foreign wallet services. BML further highlighted that Swipe will empower freelancers and online businesses to receive payments from clients and customers across different countries.
As tourist arrivals to the Maldives continue to grow, this wallet is also expected to offer a convenient payment solution for visitors. BML initially unveiled ‘Swipe’ in October last year, with the bank committing to rolling out its full services within this year.
