BML pays $45M monthly to foreign businesses for card transactions

China-based Temu alone is estimated to account for USD 7 million of monthly transaction volume.

30 June 2025

Millions mistakenly transferred recovered, BML says

The young man said the amount had also been deposited into the accounts of other employees of the resort.

2 August 2024

BML to double overseas debit card limit to $1,000 from 11 Nov

The limit for airline tickets and debit card payments for hotels abroad will be increased to USD 3,000.

22 September 2025

BML launches Indian Rupee accounts in Maldives

BML customers, including businesses and expatriates, can open INR accounts online through Internet or Mobile Banking from 1 August.

25 July 2025

Pre-operational permits for new banks meet procedure, MMA says

MMA noted that each re-application is treated as a new submission and evaluated accordingly through a full review process.

2 June 2025

New central bank governor meets all banks

According to statistics, Maldives needs USD 508 million to repay foreign loans this year.

20 August 2024

No employee negligence in scam losses, BML says

Nimal said BML's internet banking security is in line with international standards.

24 July 2024

Maldives, MBS Global to setup $8.8b financial centre

The financial centre is projected to be completed by 2030.

4 May 2025