BML launches SplitPay to offer flexible instalment payments

Bank of Maldives has introduced BML SplitPay, a new installment payment solution that gives credit cardholders greater flexibility and control over their spending.

For any purchase above MVR 1,500, customers can choose to pay the total amount in installments within a period ranging from 3 to 24 months, helping them better plan and manage higher-value transactions.

BML SplitPay is available to customers who have an approved SplitPay limit and is available through participating merchants. Customers paying with American Express, Visa or Mastercard can instantly convert their transaction into monthly instalments.

Commenting on the launch, Mohamed Shareef, CEO and Managing Director of Bank of Maldives, said With BML SplitPay, we are giving customers greater flexibility in how they pay for their purchases. This solution makes it easier to spread payments into manageable instalments, helping customers plan their finances with greater confidence and convenience.

The initiative reflects the Bank’s continued push toward innovative, digital-first payment services designed around customer needs.

More details on BML SplitPay are available here.