Bank of Maldives Partners with Visit Maldives to Launch Swipe as Official Digital Wallet for Tourists

In a landmark move set to redefine the digital tourism experience, Bank of Maldives (BML) has announced its homegrown digital wallet, Swipe, as the official payment solution for Visit Maldives Corporation (VMC). 

The strategic partnership was formally sealed during a high-profile signing ceremony held at BML’s headquarters, marking a significant milestone in the nation’s journey toward a cashless, digitally empowered tourism ecosystem. 

Signed by Mohamed Shareef, CEO and Managing Director of BML, and Ibrahim Shiuree, CEO and Managing Director of Visit Maldives, the agreement positions Swipe as the premier digital wallet for international travelers, offering a seamless, secure, and intuitive payment experience across the archipelago. 

As the first 100 percent Maldivian-developed multi-currency digital wallet, Swipe is designed in full compliance with local regulatory standards and global payment industry protocols, enabling both domestic and cross-border transactions. Users can fund their wallets through BML accounts or via any major credit, debit, or prepaid card, ensuring broad accessibility for tourists from around the world.

Since its limited rollout in January, Swipe has rapidly gained traction with its suite of innovative features, including instant person-to-person (P2P) money transfers, quick-response (QR) code payments at retail and hospitality outlets, personalised spending analytics, shareable payment links for group expenses, and seamless top-up and withdrawal options. 

By integrating Swipe into the visitor journey—from airport transfers and resort check-ins to dining and excursions—Visit Maldives aims to enhance convenience and elevate the overall guest experience. 

This collaboration expands on the foundational strategic alliance forged between BML and Visit Maldives last year, reflecting a shared vision to accelerate digital transformation in the tourism sector. Beyond improving transactional efficiency, the partnership is poised to strengthen the Maldives’ reputation as a forward-thinking, tech-integrated luxury destination, boosting its competitiveness on the global tourism stage.