Bank of Maldives has introduced BML SplitPay, a new instalment payment solution that allows credit cardholders to spread the cost of eligible purchases over time.

The service enables customers to convert purchases of more than MVR 1,500 into monthly instalments ranging from three to 24 months, helping them better manage higher-value spending.

BML SplitPay is available to customers with an approved SplitPay limit and can be used at participating merchants. Customers making payments with American Express, Visa or Mastercard can instantly convert eligible transactions into instalment plans.

Chief Executive Officer and Managing Director Mohamed Shareef said the new service gives customers greater flexibility in how they pay for purchases, making it easier to manage finances through affordable monthly repayments.

The bank said the launch reflects its continued focus on delivering innovative, digital-first payment solutions tailored to customer needs.

More information on BML SplitPay is available on Bank of Maldives' BML SplitPay page