Bank of Maldives (BML) has signed two agreements with Weixin Pay and Visit Maldives Corporation, aimed at expanding digital payment options and supporting tourism-related initiatives in the Maldives.

A tripartite memorandum of understanding (MoU) between BML, Weixin Pay and Visit Maldives Corporation sets out a framework for cooperation in areas related to tourism promotion and visitor engagement. According to the agreement, the parties will explore joint initiatives in marketing, digital services and other collaborative activities intended to enhance the experience of visitors to the Maldives, particularly from the Chinese market.

Separately, BML has entered into a partnership with Weixin Pay to explore the use of additional digital payment technologies. These include solutions such as palm recognition and other seamless payment methods, with the aim of improving accessibility, interoperability and payment convenience for customers and merchants in the Maldives.

As part of the engagement, BML and Weixin Pay hosted a Weixin Pay Ecosystem Sharing Session for representatives of Maldivian resorts. The session focused on the use of Weixin Pay services in the tourism sector and examined ways resorts can integrate digital payment solutions to facilitate transactions and improve service delivery for Chinese visitors.