Maya bags multiple awards in top global recognitions
Among the awards was the Philippines' Best Digital Bank.
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“Serving the unbanked”
Maya in a statement said it receives a number of recognitions from different organizations.
For the second straight year, Maya said it was recognized as the Best Digital Bank and Best Mobile Banking App in the Philippines at the World’s Best Digital Bank Awards 2024 by Global Finance Magazine. It was also named the Best Virtual Bank in the Philippines for 2024 by FinanceAsia Awards in Hong Kong and New Virtual Bank in the Philippines at the Retail Banking Awards in Singapore.
Maya also ranked 3rd in the country in Statista and CNBC’s inaugural Best Banks - Asia Pacific 2024 report and made Forbes Magazine’s World’s Best Banks 2024 list for the second year.
Every day, we’re driven to make banking simple, intuitive, and useful for everyone. In just over two years, we’ve shown that digital banking with Maya is the fastest and easiest way to boost the financial health of Filipinos. These new recognitions from our peers truly validate our efforts, Shailesh Baidwan, Maya Group President and Co-Founder of Maya Bank said,
Maya said its market share in deposit balances among Philippine digital banks stands at 38 percent as of March 2024. It also has the highest monthly active users according to data.ai and the highest user ratings on major app stores.
As of June 2024, Maya said it has provided loans to over a million borrowers, with total loan disbursements life-to-date reaching PHP 47 billion. Maya has also expanded unsecured credit disbursement to customers, with 59 percent of its borrowers taking a bank loan for the first time.
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