Bank of Maldives opts for Epic’s e-wallet

The Maldives’ premier bank, the Bank of Maldives (BML) has revolutionised its banking industry with ‘BML Mobile Pay’ solution designed, developed and implemented by Epic Lanka, a media release by company said.

Group Director/ Chief Executive Officer and Chief Solution Architect Viraj Mudalige said, “The Epic Mobile Wallet is a state-of-the-art solution, which transforms the customer mobile phone to a digital version of a traditional wallet.

With the Epic e-Wallet, the customer’s mobile phone can make payments and receive payments. In other words it can make you a payer or a payee and this is why it is unique.”

“Unlike most of the wallet apps in the market today, our solution supports merchant payments using all your payment instruments on existing POS infrastructure at any merchant outlet. Our pioneering tokenisation technology enables multiple payment instruments such as credit/debit cards and CASA accounts to be enrolled within a single electronic mobile wallet without compromising any sensitive card or account information,” he said.

The customer has a hassle-free and seamless process with no cumbersome registration activities. This provides a differentiating experience to consumers when compared to the tedious signing up procedures that are seen in the market today.

The Epic Mobile Wallet is versatile from a merchant perspective, with support for dynamic and static QR codes for merchant identification, as it can behave as a payment acquisition platform as well, thus catering to all potential merchant segments cost effectively.