Veteran Banker Angelo Madrid to Head PayMaya’s Digital Bank as Presidentby Fintech News Philippines October 1, 2021
Philippines digital and financial services firm Voyager Innovations has appointed seasoned banker Angelo Madrid as President of Maya Bank, its digital banking arm that will be operated by its fintech spin-off PayMaya.
The appointment comes on the heels of the Bangko Sentral ng Pilipinas (BSP) granting a digital banking license to Maya Bank, making it one of the seven recipients under the new digital banking category.
Madrid brings over 15 years of experience across banking, fintech, microfinance, and law. Before joining Maya Bank, he served as the Country Manager of Tala, a US based fintech lending startup serving unbanked customers in emerging markets, including the Philippines.
Under his leadership, Tala grew from a five-person operation in 2017 to a team of 200 employees, serving over 1.5 million borrowers in the Philippines
Madrid also held various leadership roles in Citibank New York, including co-founding a fintech startup within Citi Ventures that uses alternative data to help consumers in the US gain access to credit.
Early in his career, he was a banking and finance lawyer at Baker & McKenzie (QT) and Sycip Law.
Madrid holds a bachelor’s degree in Management and a law degree from the Ateneo de Manila University. He completed his MBA from Duke University – Fuqua School of Business.
Maya Bank is expected to expand PayMaya’s ecosystem with innovative services that are accessible, affordable, and relevant to Filipino consumers and enterprises.
“Along with PayMaya, Maya Bank will be at the forefront of enabling all Filipinos with unique, innovative, and accessible digital banking and financial services.
I’m confident that Angelo’s extensive global experience and proven track record in the Philippines will help us achieve this vision with speed and urgency,”
said Shailesh Baidwan, Voyager and PayMaya Philippines’ President, and a member of the Board of Directors of Maya Bank.
“I’m truly honored to be appointed as Maya Bank President as we blaze the trail with digital banking services. With PayMaya’s extensive ecosystem and ubiquitous presence, Maya Bank will hit the ground running.
Our goal is to foster greater inclusion as we offer the best suite of digital banking products and services at scale and with trust and credibility,”
said Angelo Madrid, Maya Bank’s President.