FINTECH | Maya emerges as Southeast Asia’s Best Digital Bank

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Maya bested other players and won the competition’s country and Southeast Asia leg, organized by The Digital Banker.

Source: Maya

Maya has made its mark in the global stage by winning the coveted Best Digital Bank at the World Digital Bank (WDB) Awards 2023, underscoring its position as the leading force in digital banking across Southeast Asia.

Maya bested other players and won the competition’s country and Southeast Asia leg, organized by The Digital Banker.

For its leading-edge product innovations, next-level customer experience, and undisputed market leadership, Maya landed 8th in the Top 10 best global digital banks based on The Digital Banker’s assessment of all participating banks, joining the ranks of Starling Bank, Kakaobank, Revolut, WeBank, NuBank, and MOX Bank, among others.

In its citation, The Digital Banker said: “Philippine-based Maya has combined the power of its e-wallet proposition to offer savings, instant credit, and cryptocurrency services under a seamless experience. It’s one of the best examples of how digital banks are reimagining the digital process to drive customer interaction and usage.”

“We’ve broken industry records with our game-changing innovations as we rapidly scale our digital banking services across our comprehensive consumer and enterprise ecosystem. The recognition is a welcome vote of confidence, and we thank our customers and partners for the continuous trust,” said Angelo Madrid, Maya Bank president .

As of end-June 2023, Maya attracted 2.3 million depositors with nearly Php25 billion in deposit balance. Cumulative loan disbursements reached Php10 billion as of end-June 2023 while on invite-access mode. Today, Maya is the highest-rated local consumer finance app on Google Play and Apple Store.

“We’re honored to receive this distinction as it’s a testament to our world-class team’s hard work and talent. It also highlights the Philippines as an incubator of top fintech and digital banking companies,” said Shailesh Baidwan, Maya Group president and Maya Bank co-founder.

This latest honor follows Maya’s recognition in Forbes Magazine’s World’s Best Banks, CB Insight’s Fintech 250, and the Digital Bank of the Year at the Future Digital Awards for Fintech & Payments in 2022.

Leader in PH, a trailblazer in Southeast Asia

A pioneering force in Southeast Asia, Maya is the sole provider in the Philippines to offer comprehensive financial services via a single, fully digital platform for both consumers and enterprises.

“By integrating payments and banking, Maya has unlocked limitless ways to innovate financial services for Filipinos,” said Orlando B. Vea, chief executive and founder at Maya and co-founder at Maya Bank.

The World Digital Bank Awards 2023 has lauded Maya for setting a new standard in digital banking satisfaction where seamlessness is the norm.

The Maya app provides an all-in-one digital banking experience with its reliable e-wallet for daily payment transactions, virtual and physical cards, easy-to-use crypto, high-yield savings with daily interest rate and personal goals, instant credit, and 24/7 chat support, all within a secure and seamless environment.

Meanwhile, Maya Business has reinvented the enterprise experience, offering an all-in-one bundle including omnichannel payment solutions, easy disbursements for payroll and suppliers, and banking such as business deposits with a 2.5% interest rate and MSME credit lines. All these needs are within reach via a single digital platform, Maya Business Manager.

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by TechSabado.com editors
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