Bank of Maldives (BML) has enabled its Bulk Payment service, allowing businesses to process large-scale payments such as salaries, allowances and dividends in a single transaction.

The Bank stated that this service enables businesses to make automated bulk payments in both Maldivian Rufiyaa and US Dollars directly to multiple Bank of Maldives accounts, reducing the need for manual processing.

Commenting on the service, the Bank’s Chief Business Officer Moosa Nimal said the introduction of digital bulk payment functionality is intended to support business operations by improving efficiency and security in payment processing.