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Manila Bulletin devider Technews devider Maya sweeps major banking awards, setting new standard for digital finance in the Philippines

Maya sweeps major banking awards, setting new standard for digital finance in the Philippines

Recognized as Virtual Bank of the Year and Best Consumer Digital Bank, Maya is revolutionizing how Filipinos engage with financial services

Published Sep 11, 2023 06:05 am

At A Glance

  • Maya won three significant awards in the banking industry: Virtual Bank of the Year at the Retail Banking Awards 2023, and Best Consumer Digital Bank and Best Mobile Banking App at the World's Best Consumer Digital Bank Awards 2023.
  • The company aims to make banking an integral part of daily life in the Philippines, particularly for those who have traditionally lacked access to financial services.
  • In its first year, Maya has received several other accolades, including Best Digital Bank in the Philippines and Southeast Asia at the World Digital Bank Awards 2023, and has been listed in Forbes Magazine's World's Best Banks.
  • The platform boasts 2.3 million deposit accounts with a collective balance of PhP24.9 billion, and has disbursed loans totaling PhP10.8 billion as of the end of June 2023.
  • Maya is currently the highest-rated local consumer finance app on both Google Play and the Apple Store, indicating strong user satisfaction and engagement.

Maya, a leading fintech company, recently won three awards at the Retail Banking Awards 2023 and the World's Best Consumer Digital Bank Awards 2023. At the Retail Banking Awards, hosted by Asian Banking & Finance (ABF) magazine, Maya was awarded the Virtual Bank of the Year for the Philippines. In addition, it received the titles of Best Consumer Digital Bank and Best Mobile Banking App for the Philippine category at the World's Best Consumer Digital Bank Awards, organized by Global Finance.

KV - Maya scores triple win as Best Consumer Digital Bank and App in PH.png

 

Shailesh Baidwan, President of Maya Group, commented on the recognition by stating that the company aims to integrate banking into the daily lives of Filipinos, especially since its launch last year. Maya offers a comprehensive digital banking solution, mainly catering to individuals who have not traditionally had access to banking services.

ABF noted that Maya has distinguished itself through innovation, customer focus, and strategic vision in the digital banking sector in the Philippines. Global Finance, on the other hand, based its selections on multiple factors, including strategy strength, customer engagement in digital offerings, digital customer growth, product range, and website or mobile site functionality.

Maya Logo_Dark.png

 

"It's truly exciting to see our customers saving more and using their wallets up to three times more for daily transactions. This recognition inspires us to advance fintech adoption in the Philippines," said Angelo Madrid, Maya Bank President.

In its first year, Maya has received several other recognitions, including Best Digital Bank in the Philippines and Southeast Asia at the World Digital Bank Awards 2023, as well as being listed in Forbes Magazine's World's Best Banks and winning Digital Bank of the Year at the Future Digital Awards for Fintech & Payments 2022.

Maya provides a wide range of financial services via a single digital platform for both individual consumers and businesses. Customers can access an e-wallet, crypto services, and traditional banking features with a straightforward app download and a single identification process. Businesses can also utilize a comprehensive platform for payment acceptance, digital disbursement, and credit facilities through Maya Business Manager.

The platform has gathered 2.3 million deposit accounts with a collective balance of PhP24.9 billion as of the end of June 2023. It has also disbursed loans totaling PhP10.8 billion in the same period. Maya is currently the highest-rated local consumer finance app on Google Play and the Apple Store.

For more information, Maya can be reached through its official websites, www.maya.ph and www.mayabank.ph, as well as its social media channels on LinkedIn, Facebook, Instagram, TikTok, and Twitter.

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