{"id":70974,"date":"2025-08-11T07:37:11","date_gmt":"2025-08-10T23:37:11","guid":{"rendered":"http:\/\/www.upgrademag.com\/web\/?p=70974"},"modified":"2025-08-06T09:39:09","modified_gmt":"2025-08-06T01:39:09","slug":"maya-named-phs-best-virtual-bank-for-the-3rd-year","status":"publish","type":"post","link":"http:\/\/www.upgrademag.com\/web\/2025\/08\/11\/maya-named-phs-best-virtual-bank-for-the-3rd-year\/","title":{"rendered":"Maya named PH\u2019s best virtual bank for the 3rd year"},"content":{"rendered":"<p><strong>Maya, the Philippines\u2019 #1 Digital Bank, has been recognized as the Best Virtual Bank in the country at the Asian Banking &#038; Finance&#8217;s Retail Banking Awards 2025. This is Maya\u2019s third consecutive win at the awards program and comes as the company reports strong growth, continuous innovation and profitability. <\/strong><\/p>\n<p>Built on a fully digital ecosystem, Maya has become the everyday digital bank for millions of Filipinos with services designed to be seamless, easy to use and widely accessible. The recognition reflects how Maya has rapidly scaled to serve the country\u2019s largely underserved market with a complete suite of digital banking and payment solutions, driving both inclusion and sustainable business growth. <\/p>\n<p>\u201cWe\u2019ve built a platform that makes managing finances simple, smart and accessible for both consumers and enterprises, while growing Maya sustainably as a business. This recognition is proof that digital banking can create real impact at scale for large underserved and unserved segments in the Philippines,\u201d said Shailesh Baidwan, Maya Group President and Maya Bank Co-Founder.<\/p>\n<p>\u201cWe owe this achievement to our customers who trust us every day, and to our employees whose dedication powers everything we do,\u201d said Angelo Madrid, Maya Bank President. \u201cThis recognition motivates us to keep raising the bar and to serve Filipinos even better with digital banking that truly makes a difference in their lives.\u201d <\/p>\n<p>Maya has unlocked access to financial services for mobile-first Millennials, Gen Zs as well as MSMEs that have long been underserved. According to the Bangko Sentral ng Pilipinas (BSP), over half of adults saved at home or borrowed informally in 2021, while 2024 data shows only 4% of bank loans reach MSMEs, which make up 99% of all businesses. <\/p>\n<p>Maya\u2019s integrated ecosystem combines Maya Bank\u2019s digital banking with Maya Philippines\u2019 digital payments network. Its platform uses real-time activity across users and merchants to deliver smarter credit decisions, stronger fraud protection, and personalized financial products. <\/p>\n<p>This approach has helped Maya grow into a category leader in customer base, deposits and consumer lending while delivering seamless, accessible financial services to millions of Filipinos. <\/p>\n<p>Maya surged in the first quarter of 2025, with deposits reaching \u20b144\u202fbillion, up 49% from the previous year. Loan disbursements climbed to \u20b128\u202fbillion, tripling year-on-year, while the customer base grew to 6.8\u202fmillion, an 88% increase. Total cumulative loans since launch have now reached \u20b1120\u202fbillion, cementing Maya\u2019s lead as the country\u2019s #1 digital bank. <\/p>\n<p>This marks the third consecutive year Maya has been honored by Asian Banking &#038; Finance\u2014named Best Virtual Bank in 2023 and Best New Virtual Bank in 2024. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Maya\u2019s integrated ecosystem combines Maya Bank\u2019s digital banking with Maya Philippines\u2019 digital payments network. Its platform uses real-time activity across users and merchants to deliver smarter credit decisions, stronger fraud protection, and personalized financial products. <\/p>\n","protected":false},"author":6,"featured_media":67931,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[4867,7376],"class_list":["post-70974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","tag-banking-industry","tag-maya"],"_links":{"self":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/70974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/comments?post=70974"}],"version-history":[{"count":1,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/70974\/revisions"}],"predecessor-version":[{"id":70975,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/70974\/revisions\/70975"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media\/67931"}],"wp:attachment":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media?parent=70974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/categories?post=70974"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/tags?post=70974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}