Bank of Maldives has unveiled Swipe, a fully Maldivian-developed multicurrency digital wallet designed to elevate the country’s digital financial ecosystem while enabling seamless global transactions. The national bank presented Swipe at a special ceremony officiated by President Dr Mohamed Muizzu, marking a key milestone in BML’s strategic ambition to lead regional digital banking innovation.
Swipe gives customers a fast and secure option for QR code contactless payments across the Maldives. Users will be able to send and receive funds instantly, including transfers from abroad directly into their multicurrency accounts. The app also features real-time spending insights and flexible funding options, allowing top ups via any debit, credit or prepaid card issued internationally. Withdrawals to BML accounts will be processed promptly to support simple cash management.
Businesses are expected to benefit significantly from the platform’s immediate settlement capability which improves liquidity and eliminates operational delays. According to BML, Swipe offers a reliable local alternative to global wallets. It is fully compliant with international regulations and security protocols, catering to freelancers and online sellers who require cross-border payment support as well as tourists needing a frictionless way to pay locally.
BML CEO and Managing Director Mohamed Shareef highlighted the importance of the launch, stating that Swipe represents a major advancement in accessible financial services crafted by Maldivian talent for both domestic and international users. He reiterated the bank’s commitment to modern, innovative digital solutions as it strengthens its national role in fintech progress.
Swipe will enter beta testing in December 2025 and is positioned to become a core pillar in the Maldives’ expanding digital economy.
