Digital banking
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BusinessBML caps monthly dollar ATM withdrawals at USD 3500
Bank of Maldives has capped monthly dollar ATM withdrawals at $3,500 per customer to address currency shortages and promote digital banking. While cash withdrawals are restricted, daily card transaction limits remain at $1,600. The bank aims to reduce cash reliance by encouraging the use of its mobile and internet banking platforms.
BusinessMIB launches Faisa Mobile X 2.0 to refine banking services
Maldives Islamic Bank has launched Faisa Mobile X 2.0, featuring a redesigned interface and enhanced security. The update introduces "Smart Search" for faster transactions and "Faisa Remit" for international money transfers. This upgrade aims to provide a more seamless and modern digital banking experience for all customers.
