The Bank of Maldives (BML) has announced that its digital wallet, Swipe, has been designated the official wallet of Visit Maldives, marking a strategic partnership aimed at enhancing the visitor experience through digital innovation.
The agreement was formalised during a signing ceremony held at BML. Mohamed Shareef, Chief Executive Officer and Managing Director of the Bank of Maldives, signed on behalf of the bank, while Ibrahim Shiuree, Chief Executive Officer and Managing Director of Visit Maldives, represented the national tourism promotion body.
Under the agreement, Swipe will be positioned as a premier payment solution for tourists visiting the Maldives. The initiative is intended to offer a convenient and secure payment option, reinforcing the country’s commitment to digital innovation and high-quality hospitality services.
Swipe is a fully Maldivian-developed multi-currency digital wallet, built in compliance with domestic regulatory frameworks and international payment industry standards. The application supports both local and international transactions and can be funded through Bank of Maldives accounts or via any credit, debit or prepaid card.
Since its limited release in January, Swipe has introduced a range of core features. These include instant person-to-person transfers, rapid QR code payments, personalised spending insights, shareable payment links, and simplified top-up and withdrawal options.
The new agreement builds on a broader strategic partnership established between the Bank of Maldives and Visit Maldives last year. The collaboration reflects a shared objective to accelerate digital transformation within the tourism sector, improve operational efficiency and strengthen the global competitiveness of the Maldivian travel industry.