BML introduces cashless payment for taxis

Minister of Transport and Civil Aviation Aishath Nahula and BML CEO and MD Timothy Sawyer hands over hand sanitizers and face masks to taxi drivers Photo: BML

Male’, Maldives – Bank of Maldives (BML) has introduced a cashless payment solution for taxis drivers using BML mPOS.

A statement by BML reads that this was a part of their digitalization roadmap to implement a cashless society. They added that with the introduction of this payment solution, drivers can now accept contactless payments from the BML app, BML MobilePay.

“To pay, customers can scan the QR code on the driver’s mobile device or displayed in the taxi using BML MobilePay. The cashless payment service is available for taxi drivers with the Bank’s mPOS solution, which offers a secure method to accept contactless payments.” said BML in a statement.

BML’s CEO and Managing Director, Tim Sawyer said, “We are pleased to play a leading role in providing the latest technology for payment solutions in the country. This solution enables customers to carry out transactions in an easy, fast and secure manner. During a time when cashless transactions are a way of life, we believe this modern means of payment will be popular with both our customers and taxi drivers. Our support for local community remains strong as we navigate these challenging times together.”

The service was launched by Transport Minister Aishath Nahula, in a small ceremony held earlier today. After which, Minister Nahula and MD Tim donated hand sanitizers and face masks to taxi drivers as essential Personal Protective Equipment (PPE), which the bank says will be given to every taxi driver registering for the new service.

BML MobilePay is the Bank’s digital wallet app. The App connects customers’ existing BML issued debit and credit cards to the digital wallet, which BML claims” is a safe and secure payment method”. While MobilePay is gaining popularity, Maldivians seem to prefer direct transfers through another BML app; BML Mobile Banking.