Bank of Maldives has introduced BML SplitPay, a new installment payment solution designed to provide credit cardholders with greater flexibility, convenience and control over their spending. The new service allows customers to convert eligible purchases into manageable monthly instalments, offering a practical payment option for higher-value transactions and supporting more confident financial planning.
Under the BML SplitPay facility, customers can choose to pay for purchases above MVR 1,500 in instalments over a period ranging from 3 to 24 months. The solution is aimed at helping cardholders better manage larger expenses by spreading the total cost over time, making payments more structured and predictable. The service is available to customers who have an approved SplitPay limit and can be accessed through participating merchants.
Customers making payments with American Express, Visa or Mastercard issued by Bank of Maldives can instantly convert eligible transactions into monthly instalments, making the process straightforward and accessible at the point of purchase. The introduction of BML SplitPay reflects the Bank’s broader focus on enhancing payment experiences through customer-oriented digital solutions that respond to evolving financial needs and lifestyles.
Commenting on the launch, Mohamed Shareef, Chief Executive Officer and Managing Director of Bank of Maldives, said that BML SplitPay gives customers greater flexibility in how they pay for their purchases. He noted that the solution makes it easier to spread payments into manageable instalments, helping customers plan their finances with greater confidence and convenience.
The launch of BML SplitPay further strengthens Bank of Maldives’ efforts to expand innovative, digital-first banking services in the Maldives. By introducing more flexible payment options tailored to customer needs, the Bank continues to support modern financial habits while improving everyday banking convenience for individuals and families. The new solution is expected to appeal to customers seeking greater control over their budgets, while also contributing to a more accessible and adaptable retail payment environment in the country.
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