Bank of Maldives has partnered with Visa to introduce a nationwide financial literacy programme aimed at young people, micro and small businesses, schools and underserved communities.

Under the partnership, BML and the Ministry of Education will roll out Visa’s established learning platforms, Practical Money Skills and Practical Business Skills. These programmes cover key topics such as budgeting, saving, responsible use of credit and day-to-day financial decision-making. They also offer guidance for small business owners on managing cash flow, pricing, digital payments and growing their customer base.

The partnership was formalised at a signing ceremony attended by Visa’s Country Manager for Sri Lanka and Maldives, Avanthi Colombage, BML CEO and Managing Director Mohamed Shareef, and Minister of Education Ismail Shafeeu.

BML, the country’s largest financial institution, has been expanding its financial education efforts in recent years. In 2025, the Bank conducted more than 200 financial literacy workshops across schools and communities nationwide. The new collaboration aims to strengthen these efforts and support broader economic resilience through improved financial knowledge.