Philippine Merchants to Accept Crypto Payments Via New Maya and Lydian Deal
Consumers can pay with stablecoins via standard QR codes, whilst merchants receive same-day settlements in Philippine pesos to avoid crypto volatility.
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Maya has partnered with Lydian to integrate crypto, among other digital asset payments, into everyday retail transactions across the Philippines.
The collaboration aims to provide a compliant and secure framework for widespread cryptocurrency use.
Businesses utilising Maya will soon be equipped to accept digital assets. This new capability is powered by Lydian’s global infrastructure, which was developed alongside Tether and Cantor Fitzgerald.
Customers will have the option to pay for their purchases using stablecoins.
Shoppers can easily complete these transactions through standard checkout methods, such as scanning a QR code or selecting a digital payment link online.
Accepting cryptocurrency typically exposes businesses to significant volatility and custody risks. To mitigate these concerns, participating merchants will receive their settlements in Philippine pesos on the same day.
The new infrastructure delivers faster processing, lower transaction costs, and reduced chargeback risks.
Maya will manage the regulatory requirements, providing an infrastructure layer that ensures wallet screening, Travel Rule adherence, and reporting aligned with the Bangko Sentral ng Pilipinas.
Lydian CEO Carl Grimstad noted that the partnership addresses the hurdles that have historically deterred merchants from accepting digital currencies.
Carl Grimstad
“By offering same-day settlement in Philippine pesos, we eliminate the volatility and cost barriers,” Grimstad stated, adding that the goal is to allow digital assets to be used safely in everyday transactions.
Similarly, Shailesh Baidwan, Group President of Maya, highlighted the current limitations of practical cryptocurrency usage.
He explained that the collaboration provides a “secure and regulatory-aligned framework” to safely bring digital asset payments into mainstream commerce.
