Bank of Maldives (BML) has officially launched “Swipe,” a new multicurrency digital wallet designed to offer seamless, instant, and secure financial transactions within the Maldives and globally. The 100% Maldivian-developed platform was unveiled by President Dr Mohamed Muizzu at a special ceremony held today, marking a major milestone in the country’s digital banking evolution.
The Swipe app allows users to make contactless QR-based payments across the Maldives, send and receive money from anywhere in the world, and gain insights into their spending habits. It supports top-ups from any debit, credit, or prepaid card issued by any bank globally, and users can easily withdraw funds into their BML accounts.
For businesses and freelancers, Swipe offers real-time settlement capabilities—eliminating delays and enhancing cash flow management. The wallet also provides a compliant, secure, and user-friendly solution for receiving international payments, positioning it as an ideal platform for both locals and tourists.
BML CEO & MD Mohamed Shareef called the launch “a milestone for digital payments in our country,” adding that Swipe represents a modern solution developed by Maldivians to serve both national and global financial needs. The app is fully compliant with both local and international financial regulations and payment standards.
Swipe is set to enter its beta testing phase in December 2025, and will serve as a key tool in BML’s strategy to lead regional digital banking innovation.