Bank of Maldives has announced its innovative digital wallet, Swipe, as the official wallet of Visit Maldives.
The strategic partnership between Swipe and Visit Maldives was formalized at a signing ceremony at BML, solidifying a collaboration to enhance the visitor experience through digital innovation.
The agreement was signed by Mohamed Shareef, CEO & Managing Director of Bank of Maldives, and Ibrahim Shiuree, CEO & Managing Director of Visit Maldives.
Under this agreement, Swipe will be positioned as the premier payment solution for tourists visiting the Maldives, offering a convenient, secure payment option, further enhancing the Maldives' dedication to digital innovation and premium hospitality.
Swipe is a 100% Maldivian-developed multi-currency digital wallet, built in compliance with domestic regulatory frameworks and international payment industry standards. The app facilitates both local and international transactions and can be funded through Bank of Maldives accounts or via any credit, debit, or prepaid card.
Since launching its limited release in January, Swipe has offered users access to a range of core features, including instant person-to-person transfers, fast QR payments, personalized spending insights, shareable payment links, and simplified top-ups and withdrawals.
This agreement builds upon the broader strategic partnership established between the Bank of Maldives and Visit Maldives last year. The alliance underscores a shared commitment to accelerating digital transformation within the tourism sector, enhancing operational efficiency, and strengthening the global competitiveness of the Maldivian travel industry.
