Bank of Maldives Streamlines Business Payments with Bulk Payment Services on Internet Banking

Bank of Maldives (BML) unveils a user-friendly solution for businesses with the introduction of bulk payment services on its Internet Banking platform. Aimed at simplifying financial operations for businesses, this feature enables seamless processing of extensive payments such as salaries, allowances, bonuses, dividends, and pensions.
Once enrolled for the service, businesses gain access to automated bulk payments in both MVR and USD across multiple BML accounts. Ahmed Aseef, the Bank’s Corporate Banking Director, expressed enthusiasm for this development, stating, "We're pleased to transition from manual to automated processes, offering businesses greater efficiency in managing multiple transfers."
Emphasizing digitalization as a core aspect of their strategy, BML continues its commitment to enhancing customer experiences through innovative solutions. Registered businesses can avail of this service at no additional cost, simply by submitting a request along with necessary documentation through Internet Banking.