Financial Sector

The Maldives Monetary Authority (MMA) has announced the go-live of a cross-border payment integration connecting Favara, the Maldives' instant payment system, with India's Unified Payments Interface (UPI) in a milestone...

Bank of Maldives (BML) has announced the launch of Liveaboard Finance, a dedicated financing solution for the Maldives' liveaboard tourism segment. 

Tourism Goods and Services Tax (TGST) collection stood at MVR 6.7 billion, which was a key driver of state revenue growth during the current year, according to the latest Weekly...

The Ministry of Finance, in its latest release of the Weekly Fiscal Development Report, noted that subsidy expenditure is at 3.13 billion, with a majority of the spending aimed at keeping...

Bank of Maldives (BML) has officially agreed with iRunners to serve as the Exclusive Banking Partner for the Maldives Half Marathon 2026 (MHM26). 

Bank of Maldives (BML) today announced financing in US dollars for Maldivians to pursue professional qualifications as well as make fee payments associated with professional qualifications, as an enhancement to...

 Finastra, a global leader in financial services software, announced that the Bank of Maldives (BML) has selected Finastra Essence to modernise its corebanking operations and support its long-term digital transformation...

The Maldives Bureau of Statistics (MBS) has launched an interactive Data Explorer portal to provide easy access to important official statistics on inflation, economic growth and population trends in the...

The Bank of Maldives (BML) has opened seven branches, reinforcing its commitment to expanding access to banking services across the Maldives. The branches were formally inaugurated this morning by His...