Bank of Maldives has launched BML Pay wallet on its Mobile Banking app.

The BML Pay wallet on the bank's Mobile Banking app was launched on Monday.

BML stated that with the upgrade, contactless payment services and wallet-to-wallet transfer services will now be available through the banking app.

The Bank states that customers can facilitate payments through the BML Mobile Banking app with Scan to Pay for a faster and secure payment experience, or send money to friends and family using just their mobile number, with the new functionality.

As such, by choosing "Scan to Pay" on the POS terminal or scanning the BML Pay QR sticker at the merchant, customers can make secure payment through the BML Mobile Banking app without using a physical card. Secondly, customers can hold their NFC-enabled devices at the POS terminal to pay using BML Mobile Banking app securely, without using a physical card.

Additionally, customers can choose “Mobile Key-In” and enter a phone number to receive a request for payment, when making a payment. Once approved, the POS terminal accepts the payment.

BML’s CEO and Managing Director, Tim Sawyer stated that the Bank has integrated their digital wallet and payment functions to the mobile app enabling customers to bank and pay through a single app.

The Bank's CEO highlighted that with the upgrade, BML Mobile Banking app has become the only wallet customers would need. He promised that the Bank would continue to invest in technology to deliver better banking experience for customers.

Bank of Maldives introduced the first mobile banking app to the Maldives in 2015, allowing customers to bank conveniently anywhere, anytime. Today, over 90 percent of the Bank’s customers use internet banking.