The Bank of Maldives (BML) has opened registrations for the limited release of its first digital wallet ‘Swipe’.
Unveiled in October, Swipe enables fast, secure transactions both in the Maldives and abroad, offering contactless QR payments, multi-currency transfers, and instant fund deposits via global debit or credit cards. This marks the first opportunity for BML’s customer base to experience this landmark product.
BML has stated that the opportunity to experience the limited release of the digital wallet will be given to the first 5,000 customers that register for it on swipe.mv. Once registered, customers will be able to use swipe features.
‘Swipe’ is formulated in line with Maldives regulatory frameworks and international standards. Any debit, credit or prepaid card issued by any bank in the world can be used to top-up the Swipe wallet and withdrawing funds to BML accounts is simple and quick.
The digital wallet offers a major leap into digital financial services for Maldives. Other perks include assisting in sending Maldivian products abroad and will be help enhance Maldives’ primary economic engine, the tourism sector. The Wallet is developed in par with other international wallets. The digital wallet will consolidate Maldives’ position in the fast-growing global digital financial landscape and showcase a homegrown Maldivian product to the rest of the world.
Swipe, built with robust security and fully compliant with local as well as international regulations and payment standards, is a local alternative to other external wallets and will support the needs of freelancers and online sellers to receive money from clients or customers in different countries. For tourists, Swipe will be a convenient wallet for payments in the Maldives.
BML has previously stated that ‘Swipe’ will officially launch this year.