Bank of Maldives brings 24/7 banking to every inhabited island

Financial inclusion has become a global challenge—whether due to the closure of bank branches in parts of Europe or the difficulty of serving vast and remote regions like the Maldives.

For the Bank of Maldives, the challenge is unlike any other: ensuring that every resident across more than a hundred scattered islands has access to essential banking services.

“Despite the country’s complex geography, the bank has met this challenge with remarkable dedication and innovation. In recognition of its exceptional commitment to financial inclusion, Qorus will soon present the Bank of Maldives with a special global award celebrating its impact and determination to ensure that no one is left behind,” said John Berry, CEO of Qorus.

This month, Bank of Maldives (BML) completed a major financial inclusion initiative, ensuring that every individual on all inhabited islands in the Maldives now has access to 24/7 banking services.

The “Mulhi Raajje ah BML ATM” project ensures that in addition to digital banking services, island populations have access to self-service banking ATMs. These multi-functional units enable individuals, families, and businesses in island communities to conveniently make:
• Cash deposits and withdrawals
• Cheque deposits
• Fund transfers across the network
• Loan repayments
• Credit card payments
• Bill payments
• Account balance inquiries

This represents the latest milestone in the Bank’s commitment to ensure that all Maldivians have access to convenient banking services that suit their needs and help them achieve their financial aspirations.