National bank, Bank of Maldives (BML), Monday announced the launch of BML Pay wallet on its Mobile Banking app. With the upgrade, contactless payment services and wallet-to-wallet transfer services are now available through the banking app.
With the new functionality, customers can facilitate payments through the BML Mobile Banking app with Scan to Pay for a faster and secure payment experience or send money to friends and family using just their mobile number.
BML’s CEO and Managing Director, Tim Sawyer, said the bank last year introduced its Mobile Banking App with a new look and extra features to provide customers secure and seamless banking experience. Today, the bank has integrated digital wallet and payment functions to the mobile app, enabling customers to bank and pay through a single app. Customers can Scan to Pay or, if they use an NFC-enabled phone, Tap to Pay directly from the App at merchants across the country, he said.
“With today’s upgrade, our Mobile Banking app is the only wallet customers need. Across the world, mobile based contactless payments are among the most secure and fastest modes of payments and we are proud to introduce this on our App. Our promise is to continue to invest in technology to deliver a better banking experience for our customers across the country", he said.
Bank of Maldives introduced the first mobile banking app to the Maldives in 2015, allowing customers to bank conveniently anywhere, anytime. Today, over 90% of the Bank’s customers use internet banking.
New features added to BML's Mobile Banking app
Scan to Pay: By choosing “Scan to Pay” on the POS terminal or scanning the BML Pay QR sticker at the merchant, customers can make secure payment through the BML Mobile Banking app without using a physical card.
Tap to Pay: Customers can hold their NFC-enabled devices at the POS terminal to pay using BML Mobile Banking app securely, without using a physical card.
Mobile Key-In: When making a payment, customers can choose “Mobile Key-In” and enter a phone number to receive a request for payment. Once approved, the POS terminal accepts the payment.
