Registration has opened for a limited early release of Swipe, a new multi-currency digital wallet launched by Bank of Maldives, with access initially capped at 5,000 customers. Users who register will receive access to the app through invitation links as part of the controlled rollout.
Swipe was officially unveiled on 29 October 2025 at a ceremony attended by Dr. Mohamed Muizzu, marking a key milestone in the country’s digital finance journey and aligning with the President’s vision to position the Maldives as a technology-driven and globally connected financial hub.
Developed entirely in the Maldives, Swipe is designed to offer seamless, instant, and secure payments both locally and internationally. The digital wallet enables contactless QR code payments across the country, instant peer-to-peer transfers, and the ability to receive funds from anywhere in the world into a multi-currency account. Users can also access spending insights through the app, supporting better personal financial management.
The platform offers strong global compatibility, allowing users to top up their Swipe wallets using any debit, credit, or prepaid card issued by banks worldwide. Withdrawals to Bank of Maldives accounts are processed quickly and conveniently. For merchants, Swipe provides real-time settlement, improving cash flow and reducing delays associated with traditional payment systems.
Built in compliance with local and international regulatory and payment standards, Swipe is positioned as a secure domestic alternative to foreign digital wallets. The solution is expected to benefit freelancers, online sellers, and small businesses by enabling them to receive international payments efficiently, while also offering tourists a convenient digital payment option during their stay in the Maldives.
The launch of Swipe reflects President Muizzu’s broader strategy to modernize the Maldivian financial system through locally developed, globally competitive digital solutions. By showcasing Maldivian fintech capability, the initiative aims to strengthen financial inclusion and elevate the country’s presence in the global digital economy.
Early access registration is currently open via swipe.mv, with availability limited to the first 5,000 customers during this initial phase.
