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One of the biggest issues in the current banking system is the difficulty when it comes to transferring money between counties. This not only poses a difficulty for students living...
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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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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,...
1 min read
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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As part of its plan to further enhance security for payments through its app, Bank of Maldives (BML) has enabled One Time Passwords (OTPs) for all QR payments.
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Bank of Maldives has today announced the integration of Visa and Mastercard payments for Raajje Transport Link (RTL) operated by Maldives Transport & Contracting Company (MTCC).
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On 25the March 2021, the Bank of Maldives (BML) announced on their official website warning their customers regarding scam calls and messages. This statement by BML was prompted by the...
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The Board of Maldives Pension Administration Office (MPAO) has appointed Sujatha Haleem as Chief Executive Officer on 31 October 2022. According to MPAO Sujatha was appointed for a term of...
