CBM introduces UnionPay cards in Maldives

The Commercial Bank of Maldives (CBM) has officially launched UnionPay cards in the Maldives, marking a milestone as the first Maldivian bank to offer the globally recognized cards.

According to CBM, the strategic move aims to support the growing demand for secure and seamless international transactions among Maldivian travelers and businesses.

The introduction on Sunday includes the UnionPay Debit Platinum, Credit Platinum, and Credit Classic cards, which will initially support international transactions only.

The cards are accepted in over 180 countries and regions, including Australia, Singapore, Canada, the United States, the United Kingdom, and across the European Union, enhancing the ease of access for Maldivians traveling abroad or conducting international business.

CBM said that the expansion underscores its commitment to supporting the international needs of its clients, offering cardholders a range of exclusive benefits.

The UnionPay cards are designed to cater to the needs of Maldivian travelers, allowing them to experience ease of access, safety, and convenience while traveling internationally.

“The growing demand for UnionPay cards in the international market has motivated us to introduce these products with features that meet our customers' travel and security needs, said the CBM, in a statement announcing the launch of the cards.

CBM UnionPay cardholders can look forward to a host of benefits tailored to international users. This includes:

• Wide global acceptance: UnionPay cards are usable in 183 countries and regions, providing access to a wide array of establishments such as duty-free shops, hotels, restaurants, and various retail outlets, making them a preferred choice for travelers.
• Travel benefits: Cardholders can enjoy exclusive discounts and promotions at select international merchants, designed to enhance the travel experience.
• Ease of use: With online and offline transaction capabilities, UnionPay cards offer flexibility in managing expenses while traveling.
• Enhanced security: UnionPay cards feature advanced security measures to protect against fraud and unauthorized transactions, offering peace of mind for users.
• 24/7 customer support: Cardholders have access to customer support services for assistance with any issues encountered during travel.

With this launch, CBM takes a step forward in enhancing the accessibility and convenience of international banking for Maldivians, promoting secure and seamless financial connectivity abroad.

Established in 2016, the CBM is a joint venture between Tree Top Investments Pvt Ltd (TTIL) and the Commercial Bank of Ceylon PLC (CBC).

The new UnionPay cards are set to be a valuable addition to CBM’s suite of services, supporting both individuals and businesses with reliable international financial solutions.