The Bank of Maldives (BML) has launched its new Mastercard Business Prepaid card at an event at Hotel Jen, aiming to enhance financial inclusion in the Maldives. This card simplifies cash management for businesses, allowing them to track purchases and separate everyday expenses, making it a practical solution for small business employees to control operational costs.

Available in Maldivian Rufiyaa (MVR) and US Dollars (USD), the card can be used locally at ATMs and POS machines, with the USD card accepted internationally. It has a daily transaction limit of MVR 200,000 or USD 50,000 and can be reloaded up to MVR 500,000 or USD 100,000, with balance tracking available via BML’s Internet Banking and Mobile App.

CEO Mohamed Shareef expressed enthusiasm about the launch, highlighting the card as a significant advancement in supporting the business community's evolving needs. BML continues to provide comprehensive banking services through its network of 39 branches, 93 Self Service Banking Centres, and 148 ATMs across the country.