The Bank of Maldives (BML) announced on Sunday that it has enabled its bulk payment services for businesses to conveniently process large-scale payments in bulk, including salaries, allowances and dividends.
According to the national bank, the service is designed to improve efficiency, and allows businesses to adopt and benefit from automated bulk payments in both MVR and USD directly to multiple BML accounts.
BML’s Chief Business Officer Moosa Nimal described the ability to process bulk transactions digitally as an important step towards supporting businesses in their operations, making payments faster, more secure, and hassle free.
“This is a part of our continued focus on offering simple and effective solutions that meet the evolving needs of our customers,” he added.
BML says it remains committed to empowering individuals, businesses, and communities across the Maldives through innovative and sustainable initiatives.