BML Islamic launches Mastercard Business Debit card

BML has launched Mastercard Business Debit card, offering an all-new payment solution for its business customers. (Photo/BML)

Bank of Maldives (BML) Islamic launched the Mastercard Business Debit card on Sunday, offering an all-new payment solution for its business customers.

The new card provides easy access to business accounts, and enables customers to manage business expenses and gain control over cash-based transactions.

BML’s CEO and Managing Director Tim Sawyer said the new payment mechanism was part of the bank’s aim to support growing businesses.

“We are delighted to launch the new payment mechanism as part of our aim to support growing businesses with the right banking solutions. The new Mastercard Business Debit card from our Shari’ah compliant banking arm supports businesses go digital and drives the adoption of cashless payments which many businesses are seeking,” he said.

The card can be used for both local and foreign transactions, and as with other cards issued by BML, the new Mastercard Business Debit card is enhanced with the latest security features.

With a nationwide network of 35 branches across all 20 atolls, 80 Self-Service Banking Centers, 138 ATMs, over 200 agents and a full suite of Digital Banking services, BML states it is committed to supporting individuals, businesses and communities across Maldives.

Further details on the BML Islamic Business Debit Card is available on the bank’s website.