Bank of Maldives has announced that its digital wallet platform, Swipe, has been designated as the official digital wallet of Visit Maldives, strengthening collaboration between the country’s national bank and its tourism promotion authority to enhance the visitor experience through digital innovation. The strategic partnership was formalized during a signing ceremony held at Bank of Maldives, marking a new phase of cooperation focused on integrating secure and convenient payment solutions into the Maldives’ tourism ecosystem.

The agreement was signed by Mohamed Shareef, Chief Executive Officer and Managing Director of Bank of Maldives, and Ibrahim Shiuree, Chief Executive Officer and Managing Director of Visit Maldives. The partnership reflects the shared vision of both institutions to strengthen digital infrastructure that supports the Maldives’ position as one of the world’s most sought-after luxury travel destinations, while ensuring that international visitors enjoy seamless financial services during their stay.

Under the agreement, Swipe will be positioned as the primary digital payment solution for tourists visiting the Maldives. The platform is designed to offer travelers a convenient and secure way to conduct transactions across the country’s tourism establishments, including resorts, guesthouses, restaurants, retail outlets, and excursion services. The integration of a modern payment system is expected to complement the Maldives’ reputation for premium hospitality by simplifying financial transactions for international visitors and supporting businesses that serve the tourism industry.

Swipe is a fully Maldivian-developed multi-currency digital wallet created in accordance with domestic regulatory frameworks and international payment industry standards. The application enables both local and international transactions, allowing users to make payments with ease while travelling within the Maldives. Tourists and residents can fund the wallet through their Bank of Maldives accounts or by linking any credit, debit, or prepaid card, ensuring flexibility for users from different markets and financial systems.

Since its limited release in January, Swipe has introduced a range of features designed to support everyday transactions and improve digital payment accessibility. Users can carry out instant person-to-person transfers, complete payments quickly through QR code scanning, access personalized spending insights, generate shareable payment links, and perform simple wallet top-ups and withdrawals. These features aim to create a modern digital payment environment that aligns with global financial technology trends while remaining tailored to the needs of the Maldivian market.

The partnership also builds on the broader strategic collaboration established between Bank of Maldives and Visit Maldives in the previous year. Both institutions have been working closely to strengthen the role of digital innovation in the tourism sector, supporting initiatives that enhance operational efficiency and elevate service standards for visitors. By introducing advanced financial technology solutions to the tourism ecosystem, the collaboration contributes to the continued development of the Maldives as a competitive and forward-looking destination in the global travel industry.

The Maldives remains internationally recognized for its luxury resorts, pristine marine environment, and distinctive island hospitality. With more than a thousand coral islands spread across the Indian Ocean, the country offers a diverse range of tourism experiences, from world-class private island resorts and wellness retreats to vibrant local island communities and marine adventure excursions. Resorts across the Maldives are known for their exceptional service standards, overwater villas, and immersive natural surroundings that attract travelers seeking exclusive and memorable holiday experiences.

The introduction of advanced digital payment solutions such as Swipe complements the evolving needs of international travelers who increasingly rely on secure and efficient mobile financial services. By integrating modern fintech capabilities into the tourism landscape, the Maldives continues to enhance convenience for visitors while supporting local businesses that serve the country’s thriving hospitality sector.