Bank of Maldives has introduced a new Bulk Payment service aimed at helping businesses process large volumes of payments more efficiently, reinforcing the bank’s push toward digital-first corporate banking solutions.
The newly enabled service allows companies to execute bulk transactions such as salaries, allowances, and dividend payments through an automated system. Businesses can process payments in both Maldivian Rufiyaa and US Dollars, with funds transferred directly to multiple Bank of Maldives accounts in a single operation.
The initiative is designed to reduce manual processing, enhance payment accuracy, and improve overall operational efficiency for corporate clients. By automating bulk disbursements, businesses can save time while ensuring faster and more secure transactions.
Commenting on the launch, Bank of Maldives Chief Business Officer Moosa Nimal said the service represents a significant step in modernising business payment processes. He noted that enabling digital bulk transactions supports smoother operations for companies while delivering greater convenience and reliability. According to the bank, the service forms part of its broader strategy to offer practical, scalable financial solutions that respond to the evolving needs of the business community.
Bank of Maldives stated that the Bulk Payment service aligns with its ongoing commitment to empower individuals, businesses, and communities across the Maldives through innovation and sustainable banking initiatives.
Further information on the service is available through the bank’s corporate banking channels.
