Bank of Maldives (BML) has launched an innovative Online International Money Transfer service that allows customers to conveniently transfer money overseas using mobile smartphones.
Introduced as part of the commitment of BML to invest in technology that makes banking easier for customers, Online International Money Transfer offers customers the opportunity to send up to USD 3,000 per day using BML MobilePay application. The service is expected to prove particularly popular with resort employees and expatriates who, up to now, have had no alternative but to visit a bank branch or other financial services provider to transfer money abroad.
With transaction costs starting from USD 5, Online International Money Transfer offers the most attractive pricing in the Maldives. The service also allows for faster processing times than conventional money transfers.
The Online International Money Transfer opens up a world of convenience for the customers with the more convenient and cheaper ways to send money abroad, BML Deputy CEO & Director of Operations Mohamed Shareef stated at the official launch.
With a nationwide network of 34 branches across all 20 atolls, 35 Self Service Banking Centres, 95 ATMs, 5,000 Point of Sale merchants, 277 agents and a full suite of Digital Banking services, Bank of Maldives states that it is committed to supporting individuals, businesses and communities across Maldives.