Digital Banking

Maya Bank Makes Strides With 2.3M Users, PHP 25B Deposits

Philippines digital bank Maya has signed on 2.3 million users, pulled in PHP25 billion in deposits as well as disbursed over PHP10 billion in loans as of June 2023 since its launch in April 2022, according to a report by the Manila Bulletin.

Through Maya’s all-in-one app, its users can build their funds through their savings accounts while also seamlessly move their money to their e-wallet whenever they need to make a transaction or to buy and sell crypto.

Maya had also introduced a daily interest crediting for Maya Save, allowing its customers to see their earnings reflected daily in their transaction history instead of monthly.

Moving forward, Maya will be expanding its offerings for the micro, small, and medium enterprise (MSME) segment with its Maya Business 1-2-3 Grow Bundle which includes payments, business deposits, and credit solutions.

This will enable MSMEs to accept a variety of payment methods including ard, QR PH, and e-wallet while earning a 2.5% per annum interest rate for business deposits.

Utilising Maya’s payment solution for three months will make these MSMEs eligible for the digital bank’s Maya Flexi Loan offering.