Bank of Maldives (BML) has introduced the BML SplitPay; a new installment payment solution that gives credit cardholders greater flexibility and control over their spending.
Customers can choose to pay the total amount in installments within a period ranging from 3 to 24 months for purchases above MVR 1,500.
BML SplitPay is available to customers who have an approved SplitPay limit and is available through participating merchants. Customers paying with American Express (AmEx), Visa or Mastercard can instantly convert their transaction into monthly installments.
Commenting on this new offer, the bank’s CEO and Managing Director Mohamed Shareef said that with BML SplitPay, the bank is giving customers greater flexibility in how they pay for their purchases.
The initiative reflects the bank’s continued push toward innovative, digital-first payment services designed around customer needs.