Bank of Maldives Launches BML SplitPay, Giving Credit Cardholders Flexible Instalment Plans for Purchases Above MVR 1,500

Bank of Maldives has introduced BML SplitPay, a new and convenient instalment payment solution that gives credit cardholders greater flexibility and control over how they manage higher-value purchases, making it easier than ever to spread spending into affordable and manageable monthly payments.

Under the new offering, customers can convert any purchase above MVR 1,500 into monthly instalments spanning a period of between 3 and 24 months, giving them the freedom to choose a repayment timeline that best suits their financial situation and planning needs.

Broad Card Compatibility and Instant Conversion

BML SplitPay is available to customers who hold an approved SplitPay limit and is accessible through participating merchants. Customers paying with American Express, Visa, or Mastercard can instantly convert their transaction into monthly instalments at the point of purchase, making the process seamless and straightforward with no additional steps required.

A Solution Designed Around Customer Needs

Commenting on the launch, CEO and Managing Director Mohamed Shareef said, "With BML SplitPay, we are giving customers greater flexibility in how they pay for their purchases. This 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 reflects the bank's continued commitment to delivering innovative, digital-first payment services designed with customer needs at the forefront, providing practical and accessible financial tools that empower Maldivians to manage their spending with greater ease and confidence.