Bank of Maldives (BML) has partnered with Maldives Immigration to develop Maldives Passport Card.
The MoU was signed today in Maldives Immigration.
With this service the passport card, in addition to being an internationally valid identity document, will also become a reloadable pre-paid card. Cardholders will be able to use the card to make payments at POS terminals and online, and to withdraw cash at ATMs.The card can be used overseas, thus providing Maldivians with the convenience of being able to make payments easily while traveling.
Commenting on the agreement, BML Retail Banking Director Mohamed Shareef said, “We are pleased to partner with Maldives Immigration on this project to provide a payment function in the forthcoming Maldives Passport Card. Our card services already provide countless travelers with a reliable and efficient way of making transactions when overseas. We are excited by the prospect of such an essential service being expanded to every Maldivian with a passport card.”
Immigration Controller General said that the President had highlighted the importance of launching Passport Card in the Maldives in the ceremony held last January to launch the new e-Passports.
He added that Immigration had planned to make the Passport Card a multi-purpose card and that ability to make purchases through the card was one such service of the Card.