Bank of Maldives launches SplitPay installment payment option for credit cardholders

Bank of Maldives has launched BML SplitPay, a new installment payment service for credit cardholders. Customers can split purchases above MVR 1,500 into installments over 3 to 24 months through participating merchants.

Sham'aan Shakir

02 July 2026, 18:24

Bank of Maldives (BML) has introduced a new installment payment service called BML SplitPay. The service lets credit cardholders split purchases above MVR 1,500 into monthly installments. BML announced the launch on July 2, 2026.

Customers can choose a repayment period of 3 to 24 months. The option applies to eligible purchases made through participating merchants.

BML SplitPay is available to customers who have an approved SplitPay limit. Cardholders using American Express, Visa or Mastercard can convert an eligible transaction into installments instantly at the point of sale, according to the bank.

Mohamed Shareef, CEO and Managing Director of BML, said the service gives customers more flexibility in how they pay for purchases. He said it is designed to help customers plan their finances with greater confidence.

BML described the launch as part of its broader push toward digital-first payment services.

The bank has published more details on BML SplitPay on its website. Customers with questions can also contact BML's communications team.

Bank of Maldives launches SplitPay installment payment option for credit cardholders

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