The Arrival

BML Enables Transactions on Currency Exchange Platforms & E-Wallets

Bank of Maldives has announced the facilitation of transactions on previously restricted foreign merchant platforms, including selected currency exchange platforms and electronic wallets.

This update allows customers to utilize Bank of Maldives’ Visa USD Credit Card or Mastercard Prepaid USD Travel Card to effortlessly transfer funds to and from these platforms. Customers can utilize BML-issued Debit cards linked to USD accounts as the primary source to send money to these merchants.

Commenting on this development, Bank of Maldives CEO Karl Stumke emphasized, “Recognizing the significance of supporting freelancers and small-scale merchants who depend on overseas payments for their livelihoods, we are pleased to offer this service to our customers, further enriching our banking and payment solutions.”

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