Maya, a pioneering force in the country’s fintech landscape, is reshaping the trajectory for small and medium enterprises (SMEs) in the evolving economy with its groundbreaking Maya Business 1-2-3 Grow Bundle.
This comprehensive package seamlessly integrates payment solutions, business deposits, and credit offerings, providing SMEs with the tools to amplify profits and expedite business expansion through three pivotal components:
- Effortless Payments: Embrace a unified QR code (QRPh) for accepting diverse QR payments, encompassing platforms like Gcash, GrabPay, ShopeePay, BDO, BPI, and more. Enjoy a notable 1% markdown on the Merchant Discount Rate (MDR) for a span of three months, translating to savings of P4,600 for every P1 million in sales.
- Business Deposits: Embark on a journey with Maya’s Business Deposit account, garnering an enticing 2.5% p.a. interest – a noteworthy surge, measuring 20 to 25 times higher than conventional banks.
- Maya Flexi Loan: Unveil an exclusive loan offer of up to PHP 2 million, accessible within a mere three months of utilizing Maya as the primary conduit for wallet and card transactions – all this, sans the necessity for collateral.
Shailesh Baidwan, Maya Group President and Co-Founder of Maya Bank, emphasized, “Maya, already a pivotal force in Philippines payments, is now extending its benevolent support to SMEs through a comprehensive digital banking approach. We recognize that SMEs have remained underserved by traditional banks, and our Maya Flexi Loan experience offers them a streamlined path to securing credit without needing to navigate the confines of a brick-and-mortar bank branch.”
Revolutionizing SME Banking in the Philippines:
Maya’s holistic array of financial services, accessible via the Maya Business Manager dashboard, ushers in an unparalleled seamlessness. Entrepreneurs are empowered to effortlessly oversee online payments, facilitate in-store card and QR Ph transactions, streamline disbursements, and much more.
Richard Labitag, Head of SME Business at Maya, underscored their mission: “Our aim is to redefine SME Banking in our nation. Through our unified approach, we empower SMEs to channel their focus into business expansion, devoid of the complexities associated with multiple financial partners.”
Unlocking the Maya Business 1-2-3 Grow Bundle:
SMEs can embark on the Maya Business 1-2-3 Grow Bundle journey in just three straightforward steps:
- Register: Create a complimentary account at pbm.paymaya.com.
- Apply: Submit requisites and apply for a Business Deposit as a settlement account on the Business Manager dashboard.
- Qualify: Upon approval, harness Maya’s payment solutions for a minimum of three months to qualify for the coveted Flexi Loan.
Partnering in SME Growth:
Despite the advent of digital transactions, cash remains the preferred mode for a significant proportion of SMEs. As per a 2021 market study commissioned by Maya, a staggering 94% of SME transactions were cash-based. This reliance on physical currency constrains their digital and financial presence, curbing access to advanced banking amenities such as credit.
In a pioneering stride, Maya emerges as the inaugural bank in the Philippines to ingeniously utilize alternate payment data for SME loan pre-approvals. SMEs can now unlock credit avenues by merely engaging with Maya for their day-to-day business operations.
Beyond this, Maya takes an active role in driving the adoption of QR Ph, the nation’s QR payment standard, extending a helping hand to SMEs in broadening their transaction spectrum. Moreover, by integrating SMEs into its expansive consumer network, Maya facilitates access to a burgeoning high-value market favoring digital payments.
Maya stands tall as the Philippines’ paramount Fintech Ecosystem, boasting Maya as the premier Digital Bank and Maya Business as the foremost Omni-Channel Payment Processor.
To unearth more about the transformative Maya Business 1-2-3 Grow Bundle and its potential to fuel your SME’s growth, explore https://www.maya.ph/business/123grow. Stay abreast with updates by following @mayaiseverything on Facebook, Instagram, YouTube, and TikTok, and @mayaofficialph on Twitter.
