BML kicks off beta testing for Swipe digital wallet
From January, businesses will be able to register for Swipe, enabling real-time settlement for transactions.
BML
The Bank of Maldives (BML) has launched the beta testing phase for its new digital wallet, Swipe, with a selected group of customers and merchants. This phase is essential to ensure a seamless user experience ahead of the public launch in January 2026.
From January, businesses will be able to register for Swipe, enabling real-time settlement for transactions. The wallet will also allow instant person-to-person (P2P) transfers and payments for domestic transactions within the Maldives.
The Bank is currently making the final preparations required before launching Swipe to the public. Following the successful introduction of this service in October and the commencement of the beta testing phase, our team is working diligently to launch payment services and international transactions by the first quarter of 2026. As Swipe expands through international payments partnerships in the first quarter, it will connect the Maldives to the global market by allowing Maldivians to receive payments from abroad through Swipe and further allowing payment acceptance for tourists travelling to the Maldives.
Developed with state-of-the-art security and compliance with both local and international payments standards, Swipe offers multi-currency accounts, easy card top-ups, and smooth transfers to BML accounts. Swipe is a Maldivian digital wallet that can serve as an alternative to other global wallets.
