MAYA, the Philippines’ #1 Digital Bank, has been recognized as the Best Virtual Bank in the country at the Asian Banking & Finance’s Retail Banking Awards 2025. This is Maya’s third consecutive win at the awards program and comes as the company reports strong growth, continuous innovation, and profitability.
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’s largely underserved market with a complete suite of digital banking and payment solutions, driving both inclusion and sustainable business growth.
“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 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.
Maya’s integrated ecosystem combines Maya Bank’s digital banking with Maya Philippines’ 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.
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.
Maya surged in the first quarter of 2025, with deposits reaching ₱44 billion, up 49% from the previous year. Loan disbursements climbed to ₱28 billion, tripling year-on-year, while the customer base grew to 6.8 million, an 88% increase. Total cumulative loans since launch have now reached ₱120 billion, cementing Maya’s lead as the country’s #1 digital bank.
This marks the third consecutive year Maya has been honored by Asian Banking & Finance—named Best Virtual Bank in 2023 and Best New Virtual Bank in 2024.
