Connect with us

Hi, what are you looking for?

HEADLINES

Maya grabs award for its all-in-one money app

Maya was chosen as the Best in Future of Intelligence for its Data-Driven Everything (D2E) Program, a key driver in transforming PayMaya into Maya, powered by seamless digital payments and digital banking. The IDC Future Enterprise Awards is presented by the global market intelligence provider International Data Corporation (IDC).   

Maya was recognized as a country winner at the IDC Future Enterprise Awards 2022 for leveraging its deep customer data and artificial intelligence to bring banking, payments, and more in just one money platform – the first-of-its-kind innovation in the Philippines.   

Maya was chosen as the Best in Future of Intelligence for its Data-Driven Everything (D2E) Program, a key driver in transforming PayMaya into Maya, powered by seamless digital payments and digital banking. The IDC Future Enterprise Awards is presented by the global market intelligence provider International Data Corporation (IDC).   

“We thank IDC for recognizing our game-changing innovations powered by data and AI. This is a testament to how data – when used wisely and fairly – could unlock the power of all-in-one digital banking in accelerating digital adoption and widening financial inclusion,” said Shailesh Baidwan, Maya Group President and Maya Bank Co-Founder.   

As a result, Maya recorded over one million new bank customers and more than PHP10 billion in deposit balance just five months after its launch in April 2022, making it the fastest-growing digital bank in the Philippines. It also continues to grow its overall base, serving 52 million customers across its consumer platforms and enabling over 810,000 registered merchants touchpoints as of end-September 2022.  

Advertisement. Scroll to continue reading.

By building robust data infrastructure and AI-powered services, Maya has been able to execute instant account upgrades, launch personalized products faster than its peers, roll out bullseye marketing, and implement high standards of security and privacy.  

With Maya’s robust data security practices, bank customers can keep their money in the high-yield Maya Savings and seamlessly transfer it to the Maya Wallet for everyday payments.   

Maya is the only digital bank to offer new credit products in the first quarter after launch because it has leveraged its existing customer’s payment and e-wallet data to build a robust credit scoring model. This achievement is significant as Maya did not migrate its loan book and existing credit customers from other providers.   

Last year, PayMaya, Maya’s predecessor, was also adjudged as the Best in Future of Intelligence for its enhanced, AI-powered electronic Know Your Customer (e-KYC) process. Its AI-powered ID Validation Service has automated face matching, ID classification, and ID Optical Character Recognition (ID OCR), enabling customers to upgrade their financial accounts in just a few minutes.  

Maya is powered by the country’s only end-to-end digital payments company, PayMaya Philippines, and Maya Bank for digital banking services.

Advertisement. Scroll to continue reading.

Advertisement
Advertisement
Advertisement

Like Us On Facebook

You May Also Like

HEADLINES

PLDT recognized the need to gain 100 percent visibility into its large and highly decentralized environment, with 400,000 assets scattered across the Philippines and...

HEADLINES

Established in 1966, Sonak is a global trading business with a presence in the Philippines and Singapore, supplying sporting goods and equipment from brands...

HEADLINES

To sustain this momentum and push forward, Eastern shares five key digital transformation trends to help Filipino businesses evolve every day in 2023.

HEADLINES

The awards will be presented at a gala dinner and awards ceremony on Wednesday February 15, 2023 at the NetEvents Global Media & CxO...

HEADLINES

The strategic collaboration starts with Red Hat Enterprise Linux running on OCI as a supported operating system, improving the experience for organizations that rely...

HEADLINES

Under the agreement, Amdocs will deploy its real-time charging solution across Globe’s multiple data centers and migrate the current charging system and subscribers to...

HEADLINES

According to the Netflix Speed Index in December 2022, Converge garnered a speed rate of 3.6 Mbps in December, with a full year average...

HEADLINES

Pioneering payment gateway provider, Dragonpay, foresees that this trend will continue seeing that out of the 130 million transactions it has processed in 2022,...

Advertisement