Bank of Maldives signs strategic agreements with Alipay+ and Visit Maldives

Bank of Maldives (BML) has formalised two key agreements with Alipay+ and the Visit Maldives Corporation, further strengthening its commitment to advancing digital payment innovation and supporting the continued growth of the Maldivian tourism sector.

The agreement between BML, Alipay+, and Visit Maldives Corporation establishes a framework for joint, co-branded tourism promotion campaigns set to launch in 2026. Through this three-party partnership, the organisations aim to position the Maldives as a preferred global travel destination, enhance merchant readiness, and reinforce the country’s digital infrastructure to ensure a seamless payment experience for international travellers, particularly those from key Asian markets.

BML has also entered into a separate partnership with Alipay+ to deliver new and secure digital payment solutions across the Maldives. This collaboration will focus on expanding QR-based contactless acceptance and integrating Alipay+ features into the BML Swipe App, improving convenience and accessibility for both consumers and merchants.

Commenting on the partnerships, Mohamed Shareef, CEO and Managing Director of Bank of Maldives, stated: “These strategic partnerships with Alipay+ and Visit Maldives mark a transformative step in advancing the Maldives’ digital payment ecosystem and amplifying its global visibility. This collaboration is designed to unlock significant economic value by delivering cutting-edge, seamless payment experiences that directly benefit our customers, energise our merchant network, and accelerate growth for the national economy.”

BML currently supports payment processing across all major international card networks, including American Express, Visa, Mastercard, and UnionPay, as well as the country’s leading digital wallets such as BML Pay, WeChat Pay, Alipay, Apple Pay, and Google Pay. Through its Merchant Portal and mPOS App, the Bank provides merchants with a comprehensive online payment solution, enabling real-time payment requests, efficient transaction monitoring, and streamlined management of online store operations.