Maya has been recognized as the Best Virtual Bank in the country at the Asian Banking & Finance Retail Banking Awards 2025. This is Maya’s 3rd consecutive win at the awards program and comes as the company reports growth and profitability.
Maya has built a fully digital ecosystem with services designed to be easy to use and accessible to become an everyday digital bank for millions of Filipinos. They say that this award reflects how they rapidly scaled to serve the country’s underserved market with suite of digital banking and payment solutions to drive both inclusion and sustainable business growth.
The platform has given financial services to Millennials, GenZs, and MSMEs. According to the Bangko Sentral ng Pilipinas (BSP), over half of adults saved at home or borrowed informally in 2021, while 2024 data show only 4% of bank loans reach MSMEs, which make up 99% of all businesses.
Its integrated ecosystem combines Maya Bank’s digital banking with Maya Philippines’ digital payments network. It uses real-time activity across users and merchants for smarter credit decisions, stronger fraud detection, and personalized financial products.
“We’ve 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,” said Shailesh Baidwan, Maya Group President and Maya Bank Co-Founder.
“We owe this achievement to our customers who trust us every day, and to our employees whose dedication powers everything we do,” said Angelo Madrid, Maya Bank President. “This 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.”
Maya surged in the first quarter of 2025, with deposits reaching PhP 44 billion – up to 49% from the previous year. Loan disbursements climbed to PhP 28 billion – tripling year on year – while its customer base grew to 6.8 million, which is an 88% increase. Total cumulative loans since launch have now reached PhP 120 billion.
