With the Mastercard Business Prepaid card, businesses can easily manage their cash requirements by allowing businesses to easily track purchases and keep everyday small expenses separate.
BML
In a move towards fostering financial inclusion through secure digital payments, the Bank of Maldives (BML) has launched its Mastercard Business Prepaid card on 5th November, 2024. The new card was launched at an event held at Hotel Jen, bringing forth a safer and more convenient alternative to banking for businesses.
With the Mastercard Business Prepaid card, businesses can easily manage their cash requirements by allowing businesses to easily track purchases and keep everyday small expenses separate. In addition to offering a practical payment solution, the Mastercard Business Prepaid card also offers great control in managing small overheads and staff expenses for employees of small businesses.
According to BML, the new card is available in both MVR and USD, with both cards accepted locally on ATMs, POS machines and Payment Gateways and USD card accepted further on foreign POS machines and Payment Gateways. With a daily transaction limit of MVR 200,000 or USD 50,000, the card can be reloaded up to MVR 500,000 or USD 100,000. For convenient tracking, the card balance and purchases can be viewed on Internet Banking and Mobile App wallet.
We are excited to once again collaborate with our card partner Mastercard to launch an innovative alternative for small businesses. Our new Mastercard Business Prepaid card is a significant step in continuing our support for the business community and their evolving needs.
