The Bank of Maldives (BML) has introduced ‘Swipe’, a fully Maldivian-developed multi-currency digital wallet designed to offer fast, secure, and convenient financial transactions both domestically and internationally.

Developed entirely by Maldivians, ‘Swipe’ marks a major step forward in the country’s fintech landscape and reflects BML’s strategic goal of becoming the leading digital bank in the region.

The wallet enables users to make instant contactless payments via QR code, transfer and receive funds globally, and monitor personal spending in real time.

Users can fund their ‘Swipe’ wallets using any debit, credit, or prepaid card issued by banks worldwide. The platform allows seamless transfers to and from BML accounts, offering immediate fund availability to enhance cash flow management, particularly beneficial for businesses.

Built with advanced security protocols and in full compliance with local and international financial standards, ‘Swipe’ offers a credible Maldivian alternative to foreign digital wallets.

It is designed to support freelancers, online businesses and tourists by simplifying cross-border payments and local transactions.

BML has announced that ‘Swipe’ will enter its beta testing phase in December this year.