Bank of Maldives (BML) has launched Masveriyaa Card and Digital Wallet at a special ceremony held in GA. Kooddoo.
Inaugurated by His Excellency President Mr Ibrahim Mohamed Solih, the Masveriyaa Card and Digital Wallet allows fishermen to conveniently make transactions through a unique card linked to a digital wallet.
The captain and crew of the fishing vessel will receive a Masveriyaa Card which can be used to collect payments and pay for expenses.
According to the bank, companies that purchase fish will receive a customized Bank of Maldives online portal through which payments can be made to fishing vessels as part of the digital wallet. This, in turn, will reduce the requirement for cash. Fishing vessels will be able to use the Card for the purchase of fuel and ice and to transfer payments to the vessel crew’s Masveriyaa Card. The Card can be used at all POS terminals, ATM and Cash Agents as well as for online transactions and international money transfer.
Deputy CEO and Director of Operations of BML, Mr Mohamed Shareef stated that BML has continued to leverage digital technology to make services more accessible and more convenient for customers, adding that continued investment in technology is especially important in a country like the Maldives and that the introduction of the Masveriyaa Card provides a means for fishermen to bank anywhere, anytime.
Mr Shareef went on to state that in what will also be welcome news to many, income received through the Masveriyaa Card will allow fishing captains and crew across the Maldives to easily apply for the Bank’s loan schemes.
With a nationwide network of branches, relationship managers, self-service banking centres, ATMs, point-of-sale merchants, and agents across all 20 atolls, complemented by a full suite of digital banking services, Bank of Maldives is committed to supporting individuals, businesses and communities across the Maldives.