BML introduces SplitPay, allowing customers to convert credit card purchases into monthly installments

Bank of Maldives has introduced “BML SplitPay” for its credit card customers.

The new service gives customers more flexibility and choice in managing expenses when making credit card transactions.

With SplitPay, customers can convert any transaction above MVR 1,500 into monthly installments ranging from 3 to 24 months.

The service aims to make it easier for customers to manage their finances when purchasing high‑value items.

Customers with an active SplitPay limit can use the service at participating merchants. When paying through a POS machine using a BML‑issued American Express, Visa or MasterCard credit card, the transaction can be instantly converted into monthly installments.

Bank of Maldives CEO and Managing Director Mohamed Shareef said SplitPay will make payments more convenient for customers.

“This service will facilitate split payments and make it easier for customers to budget and plan their finances,” Shareef said.

The service is part of the bank’s efforts to expand digital payment solutions and introduce innovative services tailored to customer needs.