MIB upgrades internet banking system with instant USD exchange function

Maldives Islamic Bank (MIB) has upgraded its internet banking system to facilitate easy and secure dollar exchange.

This new feature is aimed at businesses that need to comply with the government's Forex Act, making the process more efficient for both businesses and individuals.

Customers can access this service through MIB's internet banking platform, FaisaNet, which requires two-factor authentication for added security.

To exchange dollars, users need to log in to the internet banking, fill in the required details, and complete the transaction. The service offers enhanced convenience by allowing both businesses and individuals to manage their foreign exchange needs online.