BML introduces bulk payment services on business internet banking

Bank of Maldives has introduced bulk payment services on business internet banking.

The country’s national bank in a press release on Tuesday, stated that they introduced bulk payment services on Internet Banking for businesses to conveniently process large-scale payments for salary, allowance, bonus, dividend, pension or any other multi-credit transfer requirements.

Businesses will be able to make bulk payments in Maldivian Rufiyaa as well as US Dollars automatically to several bank accounts, once registered for the service.

BML’s Corporate Banking Director Ahmed Aseef expressed pleasure in upgrading from the manual process to an automated service for businesses that process multiple transfers.

Aseef stated that internet banking will allow bulk payments of multiple types, flags duplicate records and checks payment status of individual payments to offer a much more seamless process, with this change.

Highlighting that digitalization is a key pillar in BML’s strategy, Aseef noted that the bank remains committed to delivering fast, relevant, and easy experiences for customers, with a diligent focus on making banking better.

Adding that BML has been the bank to bring in many firsts to the country, the bank’s Corporate Banking Director highlighted that they would continue to work with innovation partners to introduce cutting edge technology solutions for customers.

BML revealed that businesses registered to Internet Banking can submit a request with supporting documents to register for this free service.