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Navigating international money transfers has long been a challenge for customers, especially in regions like the Maldives where access to seamless financial services across borders can be scarce. However, a...
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Towards the end of 2020, the Bank of Maldives (BML) made some major changes that would change the way that people would perceive the national banking system. In a released...
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In 2023, the Maldives witnessed remarkable strides in technological advancements, particularly in the realm of finance. Embracing the global shift away from traditional forms of payment, our nation wholeheartedly embraced...
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The second week of February dawned with a flurry of local news reports in the Maldives, all echoing a concerning message: the Bank of Maldives (BML) purportedly slashing the dollar...
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In a move aimed at providing its customers with an easier and more accessible way to secure funds for unforeseen emergencies, Maldives Islamic Bank (MIB) has unveiled a groundbreaking financing...
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Viyana by Maldives Stock Exchange, the innovative platform that has been reshaping the private market investment landscape, proudly marks its first anniversary today, celebrating one year since its inaugural launch...
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In a significant leap towards modernizing its financial landscape, the Maldives Monetary Authority (MMA) has unveiled its innovative instant payment system, 'Favara', offering users the ability to swiftly transfer up...
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The banking sector in the Maldives has undoubtedly experienced very slow progress and transformation since its inception. However, over the years, significant advancements have revolutionized how people manage their finances,...
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The COVID-19 pandemic sparked a significant surge in the popularity of start-ups and small to medium-sized businesses, as individuals came to a profound realization of the empowerment that comes with...