BML, Alipay+ and Visit Maldives sign agreements to promote Maldives

Bank of Maldives (BML) has signed two key agreements with Alipay+ and Visit Maldives Corporation, marking a major step toward enhancing digital payments and promoting the Maldives in Asian tourism markets.

The agreements, signed today, form the foundation for co-branded tourism campaigns that will begin in 2026, supporting BML’s wider strategy to strengthen payment solutions across the country and boost Maldives’ global visibility.

Under the tripartite agreement, the three parties will collaborate to position the Maldives as a leading destination for Asian travelers. The initiative will also focus on making it easier for local businesses to accept payments from Asian markets and ensuring a seamless, convenient experience for tourists using digital wallets.

BML and Alipay+ also entered into a separate agreement to introduce innovative and secure payment solutions in Maldives. The partnership will expand contactless QR-based payments nationwide, offering greater convenience for both merchants and customers.

Speaking at the signing ceremony, BML CEO and Managing Director Mohamed Shareef said the strategic partnerships represent a significant step in advancing the Maldives’ digital ecosystem while strengthening the country’s global appeal.

“These agreements are designed with the vision of providing the most advanced and convenient payment solutions to customers and accelerating the pace of growth of the Maldives economy,” Shareef said.

BML currently processes transactions from major international card networks including American Express, Visa, MasterCard, and UnionPay as well as widely used digital wallets such as BML Pay, WeChat Pay, Alipay, Apple Pay, and Google Pay.

Through its merchant portal and mPOS app, the bank offers comprehensive online payment solutions with real-time payment requests, comprehensive transaction monitoring, and tools to ensure uninterrupted online store operations.