BML launches Swipe promotion with MVR 25,000 grand prize
Bank of Maldives (BML) has launched its “Swipe. Spend. Win.” promotion, rewarding customers who use their Swipe wallet for everyday purchases with the opportunity to win cash prizes. The promotion will run from 1st November to 1st December 2026. Throughout this period, customers who pay with Swipe at participating merchants will be eligible for weekly […]
BML opens payment gateway applications for MSMEs to receive overseas payments
Bank of Maldives (BML) has announced Sunday that MSMEs can now apply for the BML Payment Gateway. The service allows them to accept payments from overseas customers for goods and services. Funds will be settled in US dollars for transactions made via international cards. The US dollars received can be used without restriction to pay […]
BML, SME Digital open applications for second phase of Youth Entrepreneurship Financing
Applications opened on Sunday for the second phase of the Youth Entrepreneurship Financing facility, introduced jointly by Bank of Maldives and SME Digital. The financing facility is designed to provide accessible financial support to help talented young people turn their business ideas into reality. Youth Entrepreneurship Financing is tailored to young entrepreneurs aged 18 to […]
BML to enable international payments for MSMEs through payment gateway
Bank of Maldives (BML) has finalised the arrangements to enable Micro, Small and Medium Enterprises (MSMEs) to receive payments from overseas customers for goods and services through the BML Payment Gateway. The initiative is being delivered in partnership with the Ministry of Economic Development, Transport and Trade (the Ministry) and the Business Center Corporation (BCC). […]
BML partners with Maldives Expo 2026 to support local businesses
Bank of Maldives (BML) has signed as the Banking Partner of Maldives Expo 2026, reaffirming its commitment to supporting local businesses, entrepreneurship and innovation. The expo, jointly organised by the Business Centre Corporation and the Ministry of Economic Development, Transport and Trade, will take place from 25 October to 2 November 2026 at Hulhumalé Central […]
BML offers MVR 500,000 grants to two entrepreneurs under Startup Grant 2026
Bank of Maldives (BML) has opened applications for its Startup Grant 2026, offering aspiring entrepreneurs the opportunity to turn their innovative business ideas into reality. This year, two winning applicants will each receive a grant of MVR 500,000 to establish or grow their businesses. The Bank will also provide business support through dedicated Relationship Managers […]
BML Startup Grant helps Hoandedhoo tuna jerky business reach over 80 retail outlets
Bank of Maldives (BML) has announced the successful completion of The Island Factory project, established by Niyaf Mohamed with support from the Bank’s 2024 Startup Grant programme. Based in GDh. Hoandedhoo, The Island Factory produces high-quality tuna jerky using modern processing and packaging methods. The business focuses on introducing innovative, protein-rich fish products to the […]
Bank of Maldives named among Forbes’ World’s Top Performing Banks 2026
Bank of Maldives (BML) has been recognised in Forbes’ World’s Top Performing Banks 2026, becoming one of 500 banks across 89 countries included in the inaugural global ranking compiled in partnership with market research firm Statista. The recognition places BML among international banking institutions assessed on financial performance, resilience and operational efficiency, marking a milestone […]
Bank of Maldives announces 25 technology internship opportunities
Bank of Maldives (BML) has opened applications for 25 tech interns under its one-year Internship Programme, offering young Maldivians the opportunity to gain hands-on work experience across Technology and non-Technology areas of the Bank. The programme provides practical experience through live projects, mentorship and exposure to different functions of the Bank. Selected interns will receive […]
Closing the payment gap: Bank of Maldives’ Swipe and the guest experience
A couple on an island excursion find a handicraft they want to take home. In the scenario Ahmed Hizaam Khaleel put to general managers, the sale falls through for a simple reason: the craftsperson accepts only cash, while the visitors have a credit card and a phone. The guests leave without buying. For Khaleel, the […]
BML expects dollar inflows to strengthen as Maldives enters peak tourism season
Bank of Maldives (BML) expects foreign currency inflows to strengthen during the final quarter of 2026 as the Maldives approaches its peak tourism season, following a seasonal decline in US dollar receipts during September. According to the bank’s third-quarter report released on Thursday, foreign currency inflows totalled USD 240 million in September, approximately 27% below […]
BML provides $722 million to customers in nine months as foreign currency demand grows
Bank of Maldives (BML) has made USD 722.1 million in foreign currency available to customers against Maldivian Rufiyaa during the first nine months of 2026, nearly matching the USD 733.8 million provided throughout the whole of 2025. According to the bank’s third-quarter financial report released on Thursday, the monthly average of foreign currency provided to […]
