Bank of Maldives (BML) has executed two significant agreements with Alipay+ and the Visit Maldives Corporation (VMC), reinforcing the Bank's strategic commitment to advancing digital payment solutions and fostering the growth of the Maldivian tourism sector.
The partnership between BML, Alipay+, and VMC establishes the foundation for collaborative, co-branded tourism promotion campaigns, scheduled to commence in 2026. This tri-party alliance is dedicated to positioning the Maldives as a preferred travel destination, supporting merchant enablement, and strengthening the nation's digital ecosystem ensuring a seamless experience for international visitors, specially from key Asian markets.
In addition, BML partnered with Alipay+ to introduce innovative and secure digital payment solutions in the Maldives. This collaboration will focus on expanding contactless QR payment acceptance and integrating Alipay+ features into the BML Swipe App, offering greater convenience and accessibility for both customers and merchants.
The Bank’s CEO and Managing Director Mohamed Shareef said these strategic partnerships with Alipay+ and VMC mark a transformative step in advancing the Maldives' digital payment ecosystem and amplifying its global visibility.
“This collaboration is designed to unlock significant economic value by delivering cutting-edge, seamless payment experiences that directly benefit our customers, energise our merchant network, and accelerate growth for the national economy,” he explained.
BML supports payment processing across all major credit and debit card networks including American Express, Visa, Mastercard, and UnionPay as well as leading digital wallets in the country such as BML Pay, WeChat Pay, Alipay, Apple Pay and Google Pay. Through its Merchant Portal and mPOS App, BML equips merchants with a comprehensive online payment solution, offering the ability to generate real-time payment requests, monitor transactions efficiently, and manage online store operations seamlessly.