Maya Bank registered one million customers and reached P10 billion deposit balance in just five months after its public launch.
Publicly launched in April this year, Maya Bank powers the digital banking services of Maya, a finance app that integrates e-wallet, savings, credit, and crypto in one platform.
“Financial services need not be complex. This astounding response to our efforts reflects the big opportunity for digital banking in the Philippines,” said Orlando B. Vea, CEO, Maya Group and co-founder of Maya Bank.
Propelling Maya’s growth is the customer experience it offers, powered by innovative services, personalized features, and a secure platform.
“Filipinos are ready for more progressive digital experiences; that’s why we’ve established ourselves as the country’s leading digital bank app in record time,” said Shailesh Baidwan, president, Maya Group and co-founder, Maya Bank. “We’re continuing to strengthen our financial services ecosystem as we bring more innovative services to consumers and enterprises,”
Through the all-in-one Maya app, customers can manage their finances and build their funds through their savings accounts. They can also move their money to their e-wallet whenever they need to make a transaction and buy or sell crypto.
Digital banking is seen to boost financial inclusion and digital adoption in the country. While there are now more Filipinos with a financial account, thanks to the popularity of e-wallets, there is a pent-up need to adopt financial services such as savings and credit.