The Bank of Maldives has positioned its homegrown digital wallet, Swipe, at the center of the country’s tourism payments ecosystem after securing a landmark partnership with Visit Maldives.
The agreement formally designates Swipe as the official wallet of Visit Maldives, reinforcing a shared ambition to modernize the visitor experience through secure, technology-driven solutions. The partnership was sealed during a signing ceremony at BML, attended by Mohamed Shareef, Chief Executive Officer and Managing Director of Bank of Maldives, and Ibrahim Shiuree, Chief Executive Officer and Managing Director of Visit Maldives.
Under the arrangement, Swipe will serve as a primary payment solution for tourists traveling to the Maldives. The move aims to simplify transactions for international visitors while strengthening the nation’s image as a digitally advanced, premium hospitality destination.
Developed entirely in the Maldives, Swipe is a multi-currency wallet built in line with domestic regulatory requirements and international payment industry standards. The platform supports both local and cross-border transactions, and users can fund their wallets through Bank of Maldives accounts or via credit, debit, and prepaid cards.
Since its limited release in January, Swipe has introduced a suite of core features tailored to modern payment behavior. These include instant person-to-person transfers, QR-based payments, personalized spending insights, shareable payment links, and streamlined top-ups and withdrawals. The functionality positions the wallet as a practical tool not only for residents but also for international travelers seeking frictionless digital payments.
The latest deal expands on a broader strategic alliance formed between Bank of Maldives and Visit Maldives last year. Both institutions have emphasized digital transformation as a priority for enhancing operational efficiency and reinforcing the Maldives’ competitiveness in an increasingly tech-driven global travel market.
For the Maldivian tourism industry, which relies heavily on seamless service delivery and premium guest experiences, the integration of a locally developed digital wallet into its official payment framework signals a deliberate step toward financial innovation. It also reflects BML’s broader strategy to embed digital finance solutions across key sectors of the national economy.
