Finance app PayMaya has evolved from an e-wallet to an all-in-one money app called Maya and it’s now available for early access to users.

Maya combines the PayMaya e-wallet with new features like cryptocurrency and digital banking powered by Maya Bank, to allow consumers to spend, save, grow, invest, and master their money — using only a mobile device.

“Maya is all about challenging conventions – and this translates into the experience we’re giving our users with this new all-in-one money app. With this transformation, we want to enable Filipinos to make bolder choices with their money and seize opportunities – big and small,” said Shailesh Baidwan, president of PayMaya, and co-founder and board member of Maya Bank.

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Maya Savings, powered by the BSP-licensed digital bank Maya Bank, is high-yield savings account with a 6% introductory interest rate offered for a limited time (available until Aug. 31, 2022). Eligible PayMaya customers will be able to move money from their e-wallet to Maya Savings with just a couple of clicks in the app and earn interest on their balance. Just upgrade the Maya account to access this feature.

Maya Credit is a virtual credit line that lets people borrow up to P15,000 within the app. This credit line can be accessed in as fast as 60 seconds for eligible users – giving you cash in a flash whenever you need it.

Maya Crypto

Maya Crypto is the easiest way to start a crypto journey. Users can buy, hold, and sell popular coins, including Bitcoin, Ethereum, Solana, Tether, and more, for as low as P1 all within the Maya app.

Maya Wallet continues to have all the e-wallet features of the PayMaya app. Users can still enjoy free cash-in through over 90,000 touchpoints nationwide.

“We are combining the power of an innovative wallet and a secure, progressive digital banking experience powered by BSP-licensed Maya Bank to transform how Filipinos experience money. This unparalleled digital app experience is supported by Maya Business, the country’s leading payment processor for enterprises, and the widest on-ground network of Maya Center agents,” Baidwan said.

Maya Early Access Challenge

Apart from being the first to experience Savings, Crypto, Credit, and more – users can also have the chance to become the first-ever Maya bitcoin millionaire by taking this challenge.

Here’s a quick guide:

1. Just download Maya, and register.
2. On the app’s home page, tap the ‘More’ button and choose Missions. You’ll be able to join the Maya Early Access Challenge from there.
3. Cash in at least P100 and upgrade your account to unlock Maya Savings with its 6% interest rate.

Opening your Savings account via Maya will earn users points for the challenge. They earn more points whenever they complete more Early Access Challenge missions, including sharing feedback on the Maya app, referring friends to Maya using their code, and using more Maya features, including Pay Bills, Buy Load, and more.

Participants will be assigned a Maya level, depending on their score:

Maya Master for the top 5% of users with the highest score
Maya Enthusiast for the next 10% of users with the highest score
Maya Explorer for the next 15% of users with the highest score

The higher the score is, the more chances they have of winning.

Maya Explorer-level customers will get a chance to win P300,000 worth of Bitcoin. Maya Enthusiasts can take home P600,000 worth of Bitcoin. And Maya Masters have the chance to take home another P1,000,000 worth of Bitcoin!

On top of this, all participants with a Maya Savings account will get a chance to win P1,000,000 worth of Bitcoin.

To know the point score, users will receive an SMS with a tally of the score, and they can also check the leaderboard on the Maya homepage.