The Bank of Maldives (BML) has announced that it sold a record USD 1.7 billion in foreign currency over the past two and a half years to meet customers' growing demand.
The bank said it sold a total o...
Bank of Maldives (BML) plans to expand its digital wallet, Swipe, to allow Maldivians travelling overseas to make payments without using a physical bank card, the bank's Chief Executive Officer Mohame...
Bank of Maldives’ Chief Executive Officer (CEO) Mohamed Shareef has said the next five-year focus will be on making payments easier, faster, and more automated in the Maldives’ financial system.
He ma...
The Bank of Maldives (BML) has defended its newly launched USD‑investment product, rejecting allegations that it strengthens the black market for foreign currency.
BML has insisted that the “investme...
The volume of foreign currency transactions permitted on e-commerce platforms has been increased, the Bank of Maldives (BML) has announced. The expansion of these caps, previously a source of widespre...
The Bank of Maldives (BML) has launched a new feature called "Investments", allowing customers to invest US dollars (USD) directly with the bank.
The service was officially launched during BML's "Chat...
The Bank of Maldives (BML) has received approval for the drawings of all but one of the housing projects slated under the government’s ambitious housing scheme, and construction is set to begin, Chief...
Chief Government Spokesperson Mohamed Hussain Shareef has announced that an additional 710 housing units will be added to the 3,260 homes already contracted through the Bank of Maldives (BML) in Hulhu...
The Bank of Maldives (BML) has announced that it will allocate a dedicated foreign‑currency limit on its cards for students who need to pay visa fees while pursuing studies overseas.
The move is desi...
The Bank of Maldives (BML) will ease limits on foreign card transactions before the end of the month.
Restrictions on overseas e-commerce and online transactions using MVR cards were introduced last m...
