Bank of Maldives has launched a new Bulk Payment service designed to assist businesses in processing high volumes of payments more effectively, strengthening the bank’s commitment to digital-first corporate banking options.

The recently activated service permits businesses to carry out large transactions like salary payments, allowances, and dividends via an automated system. Companies are able to handle payments in Maldivian Rufiyaa and US Dollars, with money sent directly to various Bank of Maldives accounts in one transaction.

The project aims to decrease manual handling, boost payment precision, and streamline overall operational effectiveness for business clients. By automating large disbursements, companies can conserve time while guaranteeing quicker and more secure transactions.

Regarding the launch, Bank of Maldives Chief Business Officer Moosa Nimal stated that the service marks an important advancement in modernizing business payment methods. He observed that facilitating digital bulk transactions enhances operational efficiency for businesses while providing increased convenience and dependability. The bank states that the service is an element of its wider strategy to provide practical, scalable financial solutions that address the changing requirements of the business community.

Bank of Maldives announced that the Bulk Payment service reflects its continuous dedication to support individuals, businesses, and communities throughout the Maldives via innovative and sustainable banking efforts.

Additional details regarding the service can be found via the bank's corporate banking channels.