Bank of Maldives (BML) has introduced ENV POS, a first-of-its-kind initiative in the Maldives banking sector to support environment protection efforts. The programme was launched by Minister of Tourism and Environment, Thoriq Ibrahim.
Under the ENV POS programme, for every transaction made through a BML Point of Sale (POS) terminal, the Bank will set aside a contribution from its earnings to fund environmental initiatives across the country, at no cost to the customer or the merchant.
From 1 July 2025, every time customers tap or swipe their BML issued cards for payments on ENV POS terminals, they will be directly contributing to saving the Maldives’ environment, protecting its islands and oceans, and ensuring a greener Maldives for generations to come.
Speaking at the inauguration ceremony, BML’s Chief Executive Officer and Managing Director, Mohamed Shareef said that based on current usage, the bank is expected to contribute MVR 5.5 million every year through ENV POS, and said this number will continue to grow as the number of transactions grow.
CEO Shareef said the initiative is not a one-off campaign but a long-term, sustained effort that will scale with the bank’s customers’ support. He called on every individual to make their everyday purchases a force for good, and requested to opt to pay with BML to make a real, measurable difference.
The ENV POS funds will be used in collaboration with NGOs and partners to support sustainable projects such as recycling, reforestation and waste management.
As the national bank of the Maldives, BML is dedicated to supporting communities, fostering economic growth, and driving sustainable initiatives across the country. With a nationwide network of branches, ATMs, and digital banking services, BML remains at the heart of the nation’s financial ecosystem.