Visa, a digital payments company, and Maya, a digital bank and fintech firm, have teamed up to offer a new feature in the Maya app that allows users to move money from foreign-issued Visa cards directly into their Maya wallets.
“By enabling funding transactions from foreign-issued Visa cards, we provide Maya users with the power and convenience to manage their finances effortlessly, while ensuring seamless and secure transactions,” said Jeffrey Navarro, country manager of Visa for the Philippines. “This connects them to countless possibilities through their Maya accounts.”
The feature is designed for overseas Filipino workers (OFWs), global travelers, and expatriates who need to manage their money across countries. Once users cash in from their foreign-issued Visa cards, they can use the funds in the Maya app to spend, save, or invest within the Philippines.
Designed for OFWs and travelers
The cross-border account funding transaction (AFT) feature allows Maya users to pull funds from Visa cards issued in other countries. This adds flexibility for Filipinos who live or work abroad and want a simple way to transfer money into their Philippine-based Maya accounts.
“With this new feature, we’re making it easier for Filipinos and OFWs to move money from their Visa cards abroad straight into their Maya wallets. Maya has redefined how we spend, save, and invest, and we’re pleased to bring the same ease and flexibility to cross-border payments,” said Khurram Malik, group chief commercial officer of Maya.
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