{"id":26723,"date":"2025-01-16T19:30:22","date_gmt":"2025-01-16T11:30:22","guid":{"rendered":"http:\/\/www.techbeatph.com\/wproot\/?p=26723"},"modified":"2025-01-16T19:30:22","modified_gmt":"2025-01-16T11:30:22","slug":"mayas-record-growth-banking-revolution-in-2024","status":"publish","type":"post","link":"https:\/\/www.techbeatph.com\/wproot\/mayas-record-growth-banking-revolution-in-2024\/","title":{"rendered":"Maya\u2019s Record Growth: Banking Revolution in 2024!"},"content":{"rendered":"

Maya\u2019s Record Growth: Banking Revolution in 2024!<\/strong><\/p>\n

Manila, Philippines, January 16, 2025 \u2013 Maya<\/a> is redefining the banking landscape, making waves with its impressive growth in 2024. The #1 Digital Bank in the Philippines has achieved \u20b139 billion in deposits and disbursed \u20b168 billion in loans in just one year. Since 2022, Maya has disbursed a total of \u20b192 billion in loans!<\/p>\n

\"\"<\/p>\n

Simple and Empowering Banking<\/strong><\/p>\n

\u201cBanking should be simple and empowering,\u201d says Shailesh Baidwan, Maya Group President and Maya Bank Co-Founder. Maya combines payments and banking into one delightful digital experience, enabling more Filipinos to save, borrow, and grow their money with ease.<\/p>\n

With 5.4 million customers, Maya continues to lead in financial innovation. Its success lies in leveraging an extensive payments network, customer-first product design, and advanced technology to deliver financial inclusion at scale.<\/p>\n

Growth Powered by Payments<\/strong><\/p>\n

Maya\u2019s growth stems from seamlessly integrating payments and banking into a single ecosystem. The bank uses its payments network to expand its banking services, while its banking products boost the growth of its payments business.<\/p>\n

E-wallet users can easily access savings products, earning up to 15% interest for using Maya for daily transactions. Businesses benefit from banking tools built directly into Maya\u2019s payment platforms, streamlining operations and boosting engagement.<\/p>\n

Using transaction data for credit scoring, Maya extends loans to those excluded by traditional banks. This creates a cycle where payments activity drives lending growth.<\/p>\n

Strategic collaborations with merchants have amplified this momentum. Credit card partnerships with Landers Supermarket, Grab consumer lending, and loan channeling with Tala and WeFund are just a few examples.<\/p>\n

Tailored Solutions for the Underserved<\/strong><\/p>\n

Maya\u2019s inclusive products are designed for young, tech-savvy Filipinos and small business owners. Opening an account requires just one ID and no minimum balance. Entrepreneurs can get collateral-free loans of up to \u20b12 million, providing much-needed working capital. Consumers can apply for loans of up to \u20b1250,000 and receive approval and disbursement within the same day through the Maya app.<\/p>\n

Half of Maya Easy Credit borrowers received their first formal loan through the platform, and many small enterprises now rely on its business lending products to sustain and grow their businesses.<\/p>\n

Scaling Through Technology and Innovation<\/strong><\/p>\n

Maya\u2019s rapid growth is fueled by advanced technology. AI and machine learning process billions of microtransactions to enhance credit scoring, prevent fraud, and deliver personalized services.<\/p>\n

The platform\u2019s user-friendly design ensures first-time customers can easily navigate banking tools, while small businesses benefit from a single platform that integrates payments, banking, and financial management.<\/p>\n

\u201cOur goal is to create a financial system that works for every Filipino,\u201d says Angelo Madrid, Maya Bank President. \u201cWhether saving for the future or expanding a business, Maya empowers users to take control of their finances.\u201d<\/p>\n

A Transformative Year<\/strong><\/p>\n

In 2024, Maya truly transformed the banking landscape in the Philippines. With record growth, innovative products, and a commitment to financial inclusion, Maya continues to set new benchmarks in digital banking.<\/p>\n

<\/div>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Maya\u2019s Record Growth: Banking Revolution in 2024! Manila, Philippines, January 16, 2025 \u2013 Maya is redefining the banking landscape, making waves with its impressive growth in 2024. The #1 Digital Bank in the Philippines has achieved \u20b139 billion in deposits and disbursed \u20b168 billion in loans in just one year. Since 2022, Maya has disbursed…<\/p>\n","protected":false},"author":3,"featured_media":26724,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[4162,1629],"tags":[1679,5571,5569,5568,5564,5570,5566,5563,4010,5565,4013,5562,4169,5567],"class_list":["post-26723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","category-news","tag-ai-technology","tag-angelo-madrid","tag-credit-scoring","tag-e-wallet-savings","tag-financial-innovation","tag-financial-system","tag-inclusive-products","tag-loans-and-deposits","tag-maya-digital-bank","tag-payments-network","tag-philippines-banking","tag-record-growth-2024","tag-shailesh-baidwan","tag-small-business-loans"],"_links":{"self":[{"href":"https:\/\/www.techbeatph.com\/wproot\/wp-json\/wp\/v2\/posts\/26723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.techbeatph.com\/wproot\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.techbeatph.com\/wproot\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.techbeatph.com\/wproot\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.techbeatph.com\/wproot\/wp-json\/wp\/v2\/comments?post=26723"}],"version-history":[{"count":1,"href":"https:\/\/www.techbeatph.com\/wproot\/wp-json\/wp\/v2\/posts\/26723\/revisions"}],"predecessor-version":[{"id":26725,"href":"https:\/\/www.techbeatph.com\/wproot\/wp-json\/wp\/v2\/posts\/26723\/revisions\/26725"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.techbeatph.com\/wproot\/wp-json\/wp\/v2\/media\/26724"}],"wp:attachment":[{"href":"https:\/\/www.techbeatph.com\/wproot\/wp-json\/wp\/v2\/media?parent=26723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.techbeatph.com\/wproot\/wp-json\/wp\/v2\/categories?post=26723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.techbeatph.com\/wproot\/wp-json\/wp\/v2\/tags?post=26723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}