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Maya joins SEC to boost financial literacy

Published Nov 22, 2023 08:54 am

Digital banking app Maya has partnered with the Securities and Exchange Commission (SEC) to implement the Capital Market Promotion and Awareness Inter-Agency Network (CAMPAIGN) under the SEC CAN! (Communication, Advocacy, and Network) Initiative to help promote financial literacy to the public. 

The partnership seeks to increase "consumer awareness of best investment practices" and help educate the public to protect them against fraud. 

1. Maya, SEC team up for financial literacy.jpg
Photo from Maya

It was formalized through a memorandum of agreement (MOA) signing last Nov. 10 during the 87th SEC Anniversary and Stakeholders Appreciation Ceremony. 

Maya Bank co-founder Orlando B. Vea remarked that they are "empowering Filipinos to forge a delightful and life-enhancing relationship with money." 

"Together, with the SEC, we are setting the stage for our users to make smarter and bolder financial choices through our all-in-one digital banking app," said Vea. 

SEC Chairperson Emilio B. Aquino stressed that the commission is "committed to building a financially fit nation." 

"By partnering with innovators like Maya, we are amplifying our push for smart investing and creating a future where Filipinos can confidently save and grow their finances,” added Aquino. 

Maya will be linking its own best practices in the literacy campaign. These include the online bank's offers of higher saving interest rates and access to instant credit. along with in-app programs like Scam Patrol.

Maya also recently launched Maya Funds, which allows users to "invest in professionally curated local and global funds, including industry giants like Apple, Microsoft, PLDT, and SM, from as low as P50."

Maya Funds was developed in collaboration with digital marketplace Seedbox Philippines. 

  

 

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