In a landmark move to enhance international financial connectivity, the Commercial Bank of Maldives (CBM) officially launched UnionPay cards at an exclusive ceremony, becoming the first Maldivian bank to offer these globally recognized cards. This collaboration marks a significant milestone in CBM's mission to meet the growing demand for seamless and secure international transactions among Maldivian travelers and businesses.

The event, held at Kurumba Maldives, was attended by esteemed dignitaries, UnionPay officials, key stakeholders, and prominent customers, reflecting the importance of this milestone in the banking sector.

The ceremony commenced with the arrival of chief guests and VIPs, followed by a welcome speech by the Master of Ceremonies, setting a celebratory tone for the evening. Distinguished speakers, including the Managing Director of CBM, a senior UnionPay representative, and the Chief Guest, shared their insights on the collaboration and the transformative role of digital banking in boosting financial inclusion and economic growth in the Maldives.

Highlighting the features and benefits of the UnionPay cards, the unveiling of the CBM UnionPay Card Video captivated attendees with its visual representation of the product's value to international travelers and businesses.

The official launch featured the ceremonial presentation of UnionPay cards to keynote customers, symbolizing the initiation of UnionPay card services in the Maldives. A commemorative video and a group photo with representatives from CBM, UnionPay, and Commercial Bank of Ceylon PLC added a historic touch to the occasion.

The new UnionPay cards—Debit Platinum, Credit Platinum, and Credit Classic—are tailored to support international transactions, offering customers:

• Global Acceptance: Usable in 183 countries and regions, UnionPay cards provide unmatched accessibility for travelers and businesses.

• Travel Benefits: Exclusive discounts and promotions at select international merchants.

• Ease of Use: Online and offline transaction capabilities for seamless expense management.

• Enhanced Security: Advanced security features to protect against fraud.

• 24/7 Customer Support: Dedicated assistance to ensure a smooth experience abroad.

“This partnership with UnionPay underscores our commitment to delivering secure and reliable international financial solutions to our clients,” stated Mr. Elmo Sooriyaarachchi, Managing Director and CEO of CBM. “We are confident that these cards will redefine convenience for Maldivian travelers and businesses alike.”

With this groundbreaking initiative, CBM reinforces its role as a leader in the banking sector, offering cutting-edge services that meet the evolving needs of its clients. The UnionPay cards are poised to transform the travel and business experience for Maldivians, fostering greater financial inclusion and connectivity on a global scale.