In a groundbreaking milestone for the Philippine banking sector, Maya Financial institution, a number one digital financial institution, has achieved document credit score development, disbursing almost P22 billion in loans over the previous 12 months. This outstanding surge from the PHP3 billion disbursed in 2022 underscores Maya’s dedication to serving the largely underserved market with hassle-free lending providers.
Shailesh Baidwan, Maya Group President and Co-founder of Maya Financial institution, expressed his enthusiasm for the speedy enlargement of their lending enterprise, stating, “Seeing our lending enterprise soar so shortly has been unbelievable — it actually exhibits that digital banking is the best and quickest method to serve the unbanked and unhappily banked.”
With formidable plans for additional innovation and product enlargement, Maya Financial institution goals to increase its attain to extra Filipinos within the coming years. Constructing on its success in 2023, Maya turned the primary digital financial institution within the Philippines to supply a complete vary of merchandise tailor-made to the wants of the unbanked and unhappily banked inhabitants.
Maya’s modern strategy to lending has reworked the borrowing course of into an empowering journey, seamlessly built-in into day by day monetary actions. Leveraging AI-powered credit score scoring and distinctive information analytics, Maya provides customers entry to credit score with just some clicks on their telephones, empowering them to make knowledgeable monetary selections.
In accordance with inside information, Maya’s debtors are predominantly millennials, using credit score providers for quite a lot of monetary wants, together with invoice funds, purchases, and cash transfers. Maya’s superior AI-driven credit score system evaluates debtors past conventional standards, selling monetary inclusivity and driving buyer loyalty.
Angelo Madrid, President of Maya Financial institution, highlighted the financial institution’s dedication to offering clients with a strong monetary basis via its all-in-one digital banking strategy. He emphasised Maya’s dedication to growing choices that broaden credit score limits and cater to numerous buyer wants.
Along with serving particular person shoppers, Maya can also be centered on accelerating lending for micro, small, and medium-sized enterprises (MSMEs), a sector that has traditionally confronted challenges in accessing financing. Maya’s Flexi Loans, providing as much as P2 million in credit score, goal to offer MSMEs with the monetary help they should thrive and develop.
As Maya continues to innovate and broaden its vary of providers, it stays on the forefront of driving monetary inclusion and empowering people and companies throughout the Philippines. With its document credit score development and dedication to serving the underserved, Maya Financial institution is poised to form the way forward for digital banking within the nation.