Maya Financial institution Inc., the fintech arm of PLDT Inc., has witnessed a meteoric rise in consumer adoption, with its depositor base greater than doubling to three million people final yr. The financial institution reported a staggering deposit stability of P25 billion, reflecting a outstanding 69% surge in comparison with the earlier yr.
In a testomony to its rising prominence within the digital banking panorama, Maya Financial institution disbursed a staggering P22 billion in loans in 2023, representing a sevenfold enhance from a mere P3 billion in 2022. Leveraging buyer transaction information, the financial institution has pioneered fast and environment friendly lending choices, revolutionizing the best way Filipinos work together with their funds.
Shailesh Baidwan, Co-founder of Maya Financial institution, emphasised the establishment’s dedication to redefining the monetary panorama by addressing the true, every day wants of its clients by way of progressive options. With its all-in-one platform providing a complete suite of companies, together with financial savings, credit score, e-wallet, crypto, insurance coverage, funding, and rewards, Maya Financial institution has emerged as a trailblazer within the realm of digital banking.
In accordance with information from the Bangko Sentral ng Pilipinas, Maya Financial institution instructions a powerful 57% share of digital banking depositors, underscoring its dominant place out there. The fintech agency stands out among the many handful of digital banks working within the Philippines, providing unparalleled comfort and suppleness to its rising buyer base.
Angelo S. Madrid, President of Maya Financial institution, highlighted the establishment’s mission to make finance a seamless a part of every day life, reworking banking from a chore right into a streamlined and rewarding expertise. With each transaction carried out on the Maya app, customers embark on a journey in the direction of larger financial savings and smarter credit score choices, driving monetary empowerment and inclusivity.
Past its success in shopper banking, Maya Financial institution is spearheading innovation in SME banking, empowering small and medium enterprises (SMEs) with cutting-edge cost options and tailor-made monetary merchandise. By leveraging huge information insights, Maya Financial institution is enabling SMEs to thrive in each offline and on-line environments, providing profitable financial savings alternatives and prompt credit score choices to gasoline development and growth.
As Maya Financial institution continues to disrupt and innovate within the monetary sector, its exponential development trajectory underscores the transformative affect of digital banking on the Philippine economic system. With its unwavering dedication to customer-centric innovation, Maya Financial institution stands poised to form the way forward for finance and drive larger monetary inclusion throughout the nation.