BML, Visa and Ministry of Education Launch Nationwide Financial Literacy Programme

Bank of Maldives (BML), in partnership with Visa and the Ministry of Education, has launched a nationwide Financial Literacy Program aimed at boosting financial knowledge among youth, small-business owners, schools and underserved communities across the Maldives.

Under the new initiative — which draws on Visa’s global “Practical Money Skills (PMS)” and “Practical Business Skills (PBS)” courses — participants will receive guidance on budgeting, saving, smart use of credit, and everyday money management. Micro and small business owners will also benefit from training on cash-flow management, pricing, digital payments and customer growth, helping them run their ventures more sustainably.

BML’s CEO and Managing Director, Mohamed Shareef, said the partnership reflects the bank’s commitment to equip the next generation with sound financial habits. He noted that financial education is not only crucial for individuals but also for the country’s long-term economic resilience

Visa’s Country Manager for Sri Lanka and Maldives, Avanthi Colombage, said that financial literacy is a backbone for sustainable economic growth and resilience. By introducing PMS and PBS in the Maldives through BML and the Education Ministry, Visa aims to help more people — including small business owners — make informed financial decisions in an increasingly digital economy.

The launch ceremony was attended by senior representatives from all three institutions, including Education Minister Ismail Shafeeu. The collaboration builds on BML’s prior efforts: in 2025 the bank rolled out over 200 financial-literacy workshops in schools and communities nationwide.

Through this program, BML, Visa and the Ministry of Education hope to lay the groundwork for broader financial inclusion, better financial behavior and greater economic participation — especially among youth, entrepreneurs and underserved groups.