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Manila Bulletin devider Business devider Maya achieves profitability in Q1, leads in digital transactions

Maya achieves profitability in Q1, leads in digital transactions

Published Apr 22, 2025 10:16 pm

Maya app.jpg

Maya, the country’s leading digital bank, achieved net income profitability in the first quarter of the year, driven by robust lending activity and continued growth in deposits and payments.

Building on its strong financial momentum from December 2024, Maya’s deposits from January to March 2025 reached ₱43.6 billion—estimated to be double that of the second-largest digital bank, GoTyme.

“This achievement highlights the trust Maya has built among its customers and its capacity to support accelerated credit expansion,” the company said in a statement.

Maya’s disbursal during the first quarter reached nearly ₱28 billion, with cumulative disbursements hitting ₱120 billion. Meanwhile, its loan-to-deposit ratio grew to 51.1 percent on the back of strong credit demand and disciplined capital deployment.

The company’s non-performing loan ratio stood at 3.8 percent—below the industry average for digital banking—which it attributes to the strength of its risk management systems.

A key driver of its first-quarter profitability was its merchant business, which serves as an integrated payments and banking platform for large enterprises, as well as small and micro businesses.

Maya disclosed that it processed over ₱1 trillion in payments for this sector, pushing the bank to lead the market in digital transactions.

“We are proud to deliver strong growth across all our products, continued scaling of our integrated ecosystem, and achieving net income profitability in the first quarter of 2025,” said Maya Group President Shailesh Baidwan.

“This reflects the strength of our model—anchored on innovation, disciplined execution, and a clear mission to expand access to digital financial services for millions of Filipinos,” he added.

Moving forward, Maya is keen on “accelerating its ecosystem growth” by expanding its credit portfolio, improving merchant offerings, and growing its customer platform with products such as credit cards.

Originally starting out as a payment services provider, the company launched its digital bank platform in 2022.

Since then, Maya reported that its net revenues have grown over five times, first achieving group-wide profitability in December last year.

“This milestone reflects the company’s sustained growth across digital banking, payments, and lending, reinforcing its position as the country’s most trusted and integrated fintech platform,” it said.

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