Bank of Maldives introduces WeChat Pay for merchants, expanding payment options

13 May 2024 | 23:42
WeChat Pay paying option on a shop counter (photo/BML)

Bank of Maldives (BML) has announced today the integration of Weixin Pay, commonly known as WeChat Pay, into its overseas markets as a payment method on the bank's Point-of-Sale (POS) terminal network, marking a significant advancement in payment solutions.

This introduction enables merchants to accept QR payments from the widely used Chinese app, WeChat Pay, a service previously only available on the BML Payment Gateway.

Expressing enthusiasm for this innovative payment method, Economic Minister Mohamed Saeed commended BML for its initiative.

We welcome this advancement in payment methods and extend our gratitude to Bank of Maldives for introducing WeChat Pay to the Maldives. This integration streamlines payments for both visitors and businesses, enhancing payment efficiency across the board

stated Minister Saeed on social media X

Similarly, China's Ambassador to Maldives, Wang Lixin, took to social media X as well and emphasized the benefits of WeChat Pay for Chinese tourists and businessmen, highlighting its potential to foster trade and economic cooperation between the two countries.

The introduction of Wechat Pay will bring more convenience to the Chinese tourists & businessmen and help promote trade & economic cooperation between the two countries.

stated embassador Wang lixin

Director of Retail, Business, and SME Banking at BML, Moosa Nimal, discussed the rollout of WeChat Pay at merchants located at Velana International Airport's duty-free shopping area.

By accepting WeChat Pay on the bank's POS network, we are paving the way for more than 1 billion active users of the Weixin and WeChat platform to make payments at merchants across Maldives

he stated underscoring the significance of this expansion

As a leading provider of merchant payment solutions in the Maldives, BML offers a diverse range of products and services tailored to various business segments and customer preferences.

In addition to WeChat Pay, BML's POS terminals currently accept payments from major debit and credit cards, including American Express, Visa, Mastercard, Union Pay, and digital wallets such as Ali Pay, Apple Pay, and Google Pay.

Furthermore, merchants can leverage BML's Merchant Portal and mPOS APP to accept payments online, enabling them to send payment requests, track transactions, and manage online stores conveniently.

The introduction of WeChat Pay by Bank of Maldives reflects the bank's commitment to innovation and customer-centric solutions, while also catering to the evolving needs of businesses and consumers in the Maldives.