BML’s SWIPE Becomes Official Wallet of Visit Maldives

Bank of Maldives has announced that its digital wallet platform, SWIPE, has become the official wallet of Visit Maldives, formalising a partnership aimed at advancing digital payment solutions within the tourism sector.

The agreement was signed during a ceremony held at Bank of Maldives by Mohamed Shareef, Chief Executive Officer and Managing Director of Bank of Maldives, and Ibrahim Shiuree, Chief Executive Officer and Managing Director of Visit Maldives. The collaboration positions SWIPE as the premier payment solution for tourists visiting the Maldives.

Under the agreement, SWIPE will serve as a convenient and secure digital payment option for visitors, reinforcing efforts to enhance the overall travel experience through financial technology. The initiative aligns with broader national priorities to integrate digital innovation into key economic sectors, particularly tourism, which remains the backbone of the Maldivian economy.

SWIPE is a 100 percent Maldivian-developed multi-currency digital wallet built in compliance with domestic regulatory frameworks and international payment industry standards. The platform enables both local and international transactions and can be funded through Bank of Maldives accounts or via any credit, debit or prepaid card.

Since its limited release in January, SWIPE has introduced core features including instant person-to-person transfers, QR-based payments, personalised spending insights, shareable payment links and simplified top-ups and withdrawals. These functions are designed to facilitate seamless transactions for users across different payment environments.

The latest agreement builds on the broader strategic partnership established between Bank of Maldives and Visit Maldives last year. The alliance reflects a shared objective to accelerate digital transformation in the tourism sector, improve operational efficiency and strengthen the Maldives’ competitiveness in an increasingly technology-driven global travel market.

By integrating a locally developed digital wallet into the country’s tourism framework, the partnership signals an effort to modernise payment infrastructure while supporting homegrown financial innovation. For industry stakeholders, the move underscores the growing role of digital finance in shaping the visitor economy and enhancing service delivery across the travel value chain.