The Bank of Maldives (BML) has introduced "BML Split Pay" for their credit card customers.

The service was introduced last night during the Financial Expo. BML stated that the service will provide customers with even more convenience when they manage credit card expenses.

With the Split Pay service, customers have the option of paying off any transaction starting at and above MVR 1,500 within 3 to 24 months. The payments can be split within the 3 to 24 month time frame, said BML.

BML went on to say the service will allow customers to conveniently tend to and plan their finances when looking to make expensive purchases.

BML said that the payments can be made month by month, by using BML's American Express Visa or Mastercard Credit Cards via POS machines.

Regarding the newly introduced service, BML's CEO and Managing Director Mohamed Shareef stated that customers will find it easier to pay for goods from businesses via BML Split Pay, and be a convenient option for customers when they are budgeting and planning their finances.

BML said that the service is aimed at the needs of customers, and was introduced under their efforts in providing services via digital resources.