Maya is the fastest-growing digital bank in the Philippines

Just three months after its public launch, Maya Bank is off to a record-breaking start as it posted over 650,000 customers and P5 billion (USD89 million*) in deposit balance as of end-July 2022 - making it the fastest-growing digital bank in the Philippines. 

The pioneering digital bank provides wider financial access to unbanked and underserved consumers and MSMEs via the all-in-one money app Maya. Through the app, Maya Bank also introduced an instant credit of up to P15,000 for eligible customers and working capital loans for micro, small, and medium enterprises (MSMEs), starting with Maya Center agents. This makes Maya the only digital bank to offer credit to both consumers and SMEs within the quarter of its public launch.  

"Our strong growth validates the market preference for an all-in-one money experience. Through disruptive offerings, bold marketing, and our extensive ecosystem, we are bringing progressive financial services closer to consumers, enterprises, and communities," said Orlando B. Vea, PayMaya Group CEO and Founder and Maya Bank Co-Founder.   

"Filipinos deserve reliable and seamless digital banking experiences, and we are delivering this with urgency and speed with Maya. We are very excited to introduce more game-changing digital banking innovations through our all-in-one money platform," said Shailesh Baidwan, PayMaya Group President and Maya Bank Co-Founder.  

Maya's integrated ecosystem approach uniquely positions it among e-wallets, banks, and fintech players in the Philippines. It is the only fintech brand serving all segments of consumers and enterprises with a widely used consumer e-wallet app, the leading enterprise payment processing business, and the most extensive on-ground agent network, Maya Centers (formerly Smart Padala). Meanwhile, Maya's crypto feature is backed by a Virtual Asset Services Provider (VASP) license from the Bangko Sentral ng Pilipinas (BSP).