Bank of Maldives (BML) today announced the launch of BML Pay wallet on its Mobile Banking app. With the upgrade, contactless payment services and wallet-to-wallet transfer services are now available through the banking app.
With the new functionality, customers can facilitate payments through the BML Mobile Banking app with Scan to Pay for a faster and secure payment experience, or send money to friends and family using just their mobile number.
By choosing “Scan to Pay” on the POS terminal or scanning the BML Pay QR sticker at the merchant, customers can make secure payment through the BML Mobile Banking app without using a physical card. Moreover, “Tap to Pay”enables customers to hold their NFC-enabled devices at the POS terminal to pay using the BML Mobile Banking app securely, without using a physical card. Furthermore, Customers can use “Mobile Key-In” and enter a phone number to receive a request for payment. Once approved, the POS terminal accepts the payment.
BML’s CEO and Managing Director, Tim Sawyer commented, “Last year, we introduced our Mobile Banking App with a new look and extra features to provide customers secure and seamless banking experience. Today we have integrated our digital wallet and payment functions to the mobile app enabling customers to bank and pay through a single app. Customers can Scan to Pay or, if they use an NFC-enabled phone, Tap to Pay directly from the App at merchants across the country.”
“With today’s upgrade, our Mobile Banking app is the only wallet customers need. Across the world, mobile based contactless payments are among the most secure and fastest modes of payments and we are proud to introduce this on our App. Our promise is to continue to invest in technology to deliver a better banking experience for our customers across the country.”
Bank of Maldives introduced the first mobile banking app to the Maldives in 2015, allowing customers to bank conveniently anywhere, anytime. Today, over 90% of the Bank’s customers use internet banking.