Bank of Maldives has today introduced Swipe, a new multicurrency digital wallet that offers seamless, instant, and secure payments for the Maldives and beyond.
Swipe was officially unveiled by President Dr.Mohamed Muizzu at a ceremony held today.
Bank of Maldives said that the 100 percent Maldivian-developed digital wallet positions the Maldives and its fintech talent on the global digital financial landscape, and for Bank of Maldives, represents a significant milestone in achieving its vision of being the best digital bank in the region.
It said that with the Swipe digital wallet app, customers will have a quick, easy, and secure way to pay through QR codes for contactless payments across the country.
Customers can also send funds instantly on Swipe, receive money from anywhere in the world to their multi-currency account, and generate insights on spending habits.
Any debit, credit, or prepaid card issued by any bank in the world can be used to top up the Swipe wallet and withdraw funds to BML accounts is simple and quick. For merchants, Swipe allows real-time settlement without any delays, allowing for easy cash flow management.
Swipe, built with robust security and fully compliant with local as well as international regulations and payment standards, is a local alternative to other external wallets and will support the needs of freelancers and online sellers to receive money from clients or customers in different countries. For tourists, Swipe will be a convenient wallet for payments in the Maldives.
Swipe will be released for beta testing in December 2025.
