This collaboration opens doors for merchants in the Maldives to seamlessly accept QR payments through the widely-used Chinese app, marking a notable milestone in the country's financial landscape.
Bank of Maldives
In a significant move to enhance its payment ecosystem, the Bank of Maldives has unveiled an exciting partnership with Weixin Pay, commonly known as WeChat Pay, to broaden its Point-of-Sale (POS) terminal network. This collaboration opens doors for merchants in the Maldives to seamlessly accept QR payments through the widely-used Chinese app, marking a notable milestone in the country's financial landscape.
Historically, WeChat Pay has been accessible exclusively through the BML Payment Gateway, but this recent announcement heralds a new era of convenience and accessibility for merchants and consumers alike. With WeChat Pay integration, businesses can now cater to the preferences of Chinese tourists and residents, tapping into a market segment that's increasingly vital for the Maldivian economy.
As the leading provider of merchant payment solutions in the Maldives, the Bank of Maldives has continuously demonstrated its commitment to innovation and customer satisfaction. Its diverse range of products and services is tailored to accommodate various business segments and customer preferences, ensuring inclusivity and ease of transactions.
We have started the rollout of WeChat Pay at merchants at Velana International Airport’s duty-free shopping. By accepting WeChat Pay on the Bank’s POS network, we are paving the way for more than 1 billion active users of the Weixin & WeChat platform to make payments at merchants across Maldives. Our aim is to continually enhance the payment experience for our customers and merchants. Today’s announcement means we are now able to offer our customers the choice and convenience to choose their preferred way to pay.
The Bank's existing array of accepted payment methods includes all major debit and credit cards such as American Express, Visa, Mastercard, and Union Pay. Moreover, digital wallets like BML Pay, Ali Pay, Apple Pay, and Google Pay have also found a home within the Bank's versatile payment ecosystem. This extensive range ensures that merchants can cater to diverse customer preferences, fostering seamless transactions and customer satisfaction.
Beyond traditional POS terminals, the Bank of Maldives empowers merchants to embrace the digital era through its Merchant Portal and mPOS App. These platforms enable businesses to accept payments online from anywhere, providing flexibility and convenience in managing transactions. From sending payment requests to monitoring transactions and managing online stores, merchants have access to a comprehensive suite of tools to streamline their operations and enhance the customer experience.
The introduction of WeChat Pay further underscores the Bank of Maldives' commitment to fostering innovation and driving economic growth through inclusive financial solutions. By leveraging the popularity and convenience of WeChat Pay, merchants in the Maldives can tap into new markets and enhance their competitiveness on both local and international fronts.
