Mulhi Raajje ah BML ATM Qorus-Infosys Finacle Banking Innovation Awards 2026

Bank of Maldives successfully completed an innovative financial inclusion project that has resulted in all individuals on all inhabited islands on Maldives having access to 24/7 banking.

The “Mulhi Raajje ah BML ATM” (BML ATMs for all of Maldives) 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:

• Deposit and withdraw cash

• Cheque deposits

• Fund transfer across the network

• Conveniently make loan repayments

• Credit card payments

• Bill payments

• Account balance inquiry

In November 2024, a target was established to roll-out its ambitious “Mulhi Raajje ah BML ATM” across the country. At the time, only 81 islands including Male city had access to banking services through Self-Service Banking ATMs.

The first ATM under “Mulhi Raajje ah BML ATM” project was launched in February 2025, and in the span of just 9 months, the Bank rolled out Self-Service Banking ATMs to 105 islands. The scale and speed of the project is unprecedented in Maldives and required a complex, multi-stakeholder approach to ensure timely delivery to the highest standards.