Maya Bank Disburses PHP 68B in Loans, Sets 2024 Record

Manila, Philippines — Maya Bank, the revolutionary digital bank that many Filipinos have grown to rely on, will have disbursed a massive PHP 68 billion in loans by 2024. Since its inception in 2022, the bank has disbursed over PHP 92 billion in loans, establishing itself as a pioneer in making financial services more accessible to all.

Banking That Works for Everyone

Maya Bank, with 5.4 million clients and PHP 39 billion in deposit balances, is about more than just numbers; it is about generating actual chances for Filipinos. The bank's strategy of combining payments and banking into a single, seamless experience has simplified and empowered saving, borrowing, and money management.

“Banking should be simple and empowering,” said Shailesh Baidwan, president of Maya Group and Maya Bank co-founder. “By combining payments and banking in one easy-to-use digital experience, we're helping more Filipinos take charge of their financial lives.”

Built on Technology and Trust

Maya Bank's success is based on more than simply providing services; it is also dependent on knowing its customers' demands. Whether it's offering savings products with up to 15% interest on regular transactions or giving tools to assist companies optimize their operations, Maya makes sure its clients are always at the center of everything it does.

Assurance of Safety and Security

In a world where digital banking might be perceived as dangerous, Maya Bank stands out for its emphasis on security and regulatory compliance. Maya takes its obligations seriously, as it is closely monitored by the Bangko Sentral ng Pilipinas (BSP). Every precaution is taken to safeguard its consumers, from powerful fraud detection systems to stringent data privacy procedures.

What makes Maya Bank safe and reliable:

• BSP Oversight: The bank meets the highest risk management and client protection requirements.
• Deposit Insurance: Customers can have peace of mind knowing that their deposits are protected up to PHP 500,000 by the Philippine Deposit Insurance Corporation (PDIC).
• Fraud Prevention: Cutting-edge technology assists in detecting and stopping suspicious actions.

Maya Bank also collaborates closely with the Anti-Money Laundering Council (AMLC) to guarantee that it is not just providing excellent services, but also doing it ethically.

A Bright Future for the Filipinos

Maya Bank's record-breaking year in 2024 is more than simply an accomplishment; it demonstrates how digital banking has the potential to profoundly alter people's lives. Maya is paving the way for Filipinos to create a healthier financial future by making financial services accessible, safe, and easy to use. As the bank evolves and expands, its dedication to empowering its customers remains central to its goal.

Final Thought

Maya Bank is about more than simply loans and savings; it is about trust, inclusivity, and innovation. Maya exemplifies the future of banking by prioritizing people and assuring financial safety and transparency: easy, secure, and created for everyone.