BML Introduces PayMV QR Transfers for Quick Payments

Bank of Maldives has launched PayMV QR codes, allowing customers to send and receive money through QR codes generated in the BML Mobile Banking app. The feature offers a quicker way to make transfer...

Mohamed Hilmy

11 November 2025, 05:00

With this launch, the Bank is the first financial institution to comply with the Maldives Monetary Authority’s standards under the Maldives Payment System Development project, which focuses on improving digital payment systems across the country.

According to CEO and Managing Director Mohamed Shareef, the new feature aims to make everyday transactions easier and more convenient. He highlighted that customers can now transfer funds just by scanning a code, which can be particularly useful for shops, small businesses and personal transfers.

How to Use PayMV QR Transfers

To Send Money:

Open the BML Mobile Banking app
Select Scan QR
Scan the recipient’s PayMV QR code
Confirm the amount and complete the transfer

To Receive Money:

Open the BML Mobile Banking app
Generate QR Code
Show or share your QR code
The sender scans it and completes the payment

The Bank continues to expand digital services nationwide alongside its physical network of branches, ATMs and self-service centers.

BML Introduces PayMV QR Transfers for Quick Payments

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