Bank of Maldives has enabled Bulk Payment services for businesses, allowing companies to process large-scale payments more conveniently in bulk.
According to the bank, the service enables businesses to make automated bulk payments for salaries, allowances, and dividends. Payments can be processed in both Maldivian Rufiyaa and US dollars, and are made directly to multiple Bank of Maldives accounts.
The bank said the service is designed to improve efficiency by allowing businesses to manage bulk transactions digitally, reducing the need for manual processing.
Commenting on the service, the bank’s Chief Business Officer Moosa Nimal said digital bulk transactions support businesses by making payments faster, more secure, and easier to manage. He said the service reflects the bank’s continued focus on providing simple and effective solutions that meet the evolving needs of customers.
Bank of Maldives said it remains committed to supporting individuals, businesses, and communities across the Maldives through innovative and sustainable initiatives.
