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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...
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In recent years, the banking sector in the Maldives has been embracing technological advancements to enhance customer convenience. With this, the Maldives Islamic Bank (MIB) has implemented various measures to...
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As part of the ongoing efforts to enhance security and protect its customers from scams, Bank of Maldives has introduced a self-service ‘Kill Switch’ to disable access to Internet Banking...
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The Maldives has been actively striving to become a more sustainable and eco-friendly nation in recent years, driven by the urgent need to protect its small island territory from the...
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Bank of Maldives shareholders have approved a total dividend payout of MVR 215 million with MVR 40 per share, at the Bank’s Annual General Meeting held at the Islamic Centre...
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Advancements in technology have revolutionized our way of life, enabling us to embrace a more convenient and accessible existence. With the rapid progress of the internet and mobile technology, nearly...
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In today’s digital era, where technology plays an integral role in our day-to-day lives, the importance of cyber security has become extremely evident. With a majority of our day-to-day tasks,...
