The Bank of Maldives (BML), on Sunday, January 25th announced enabling its Bulk Payment service for businesses.
This new service, the bank adds, is an enhancement for local businesses to conveniently process large-scale payments in bulk, including salaries, allowances and dividends.
The bank further adds this service will facilitate businesses to adopt and benefit from automated bulk payments in both MVR and USD directly to multiple BML accounts.
“The ability to process bulk transactions digitally is an important step towards supporting businesses in their operations, making payments faster, more secure, and hassle free. This is a part of our continued focus on offering simple and effective solutions that meet the evolving needs of our customers,” says Moosa Nimal, the Bank’s Chief Business Officer.