Maya Reduces Transaction Fees for Filipinos Receiving Remittances from Middle East
Users who activate the Maya XP feature will receive a PHP 18 rebate on ATM withdrawals, PHP 15 back on InstaPay transfers, and up to 3% cashback on mobile credit.
Running from 23 March to 10 April 2026, the scheme aims to reduce transaction costs for families navigating rising expenses and ongoing regional tensions.
The programme applies specifically to remittances sent from select Middle Eastern nations.
Eligible transfers include those originating from Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, Israel, Lebanon, and Jordan.
The Middle East remains a crucial financial corridor for the Philippines, hosting an estimated 2.4 million Filipino workers.
To access these financial benefits, users must receive a qualifying international transfer into their Maya account from the specified countries.
Within one to three days, eligible customers will receive an invitation to activate ‘Maya XP’. This new tool is currently available as an early-access feature on the platform’s dashboard.
Once activated, users automatically receive a PHP 18 rebate on all ATM withdrawals. Furthermore, the system processes a PHP 15 return on every InstaPay bank transfer.
Furthermore, the scheme provides a 1% to 3% cashback on mobile credit purchases, depending on the individual’s Maya XP tier.
Shailesh Baidwan, Maya Group President and Maya Bank Co-Founder, explained the rationale behind the temporary measure.
Shailesh Baidwan
“With many overseas Filipinos in the Middle East supporting their families back home, we aim to make it easier for households to access and make the most of these remittances by reducing everyday transaction costs,” he stated.
Ultimately, the initiative is designed to help families maximise their incoming funds by offsetting the small, recurring fees associated with moving and withdrawing digital money.
Featured image: Edited by Fintech News Philippines based on an image by thanyakij-12 via Freepik.