The Bank of Maldives (BML) has opened registrations for the limited release of its first digital wallet, ‘Swipe’, marking a major step forward in the country’s digital financial services.

Unveiled in October last year, Swipe allows users to carry out fast and secure transactions both locally and internationally.

The wallet supports contactless QR payments, multi-currency transfers, and instant fund deposits using global debit or credit cards.

According to BML, access to the limited release will be offered to the first 5,000 customers who register through the official website, swipe.mv.

Once registered, users will be able to start using the wallet’s features immediately.

BML said Swipe has been developed in line with Maldivian regulatory requirements as well as international payment standards.

The wallet can be topped up using any debit, credit, or prepaid card issued by banks worldwide, while transferring funds to BML accounts is designed to be quick and straightforward.

The introduction of Swipe represents a significant leap in the Maldives’ digital payments ecosystem.

Beyond everyday transactions, the wallet is expected to support freelancers and online sellers by enabling them to receive payments from overseas clients.

For tourists, Swipe offers a convenient and secure payment option while visiting the Maldives.

BML also noted that the wallet could help facilitate the sale of Maldivian products abroad, contributing to the growth of the tourism sector and strengthening the country’s presence in the global digital financial landscape.

Positioned as a local alternative to international digital wallets, Swipe is built with robust security features and full regulatory compliance.

BML has previously stated that the digital wallet is scheduled for an official public launch later this year.