Maya, the leading force in digital banking across Southeast Asia, has once again made a mark on the global stage by clinching the coveted Best Digital Bank title at the World Digital Bank Awards 2023. The competition, organized by The Digital Banker, saw Maya outshine its peers and secure victory in both the country and Southeast Asia legs.
Recognized for its cutting-edge product innovations, exceptional customer experience, and undisputed market leadership, Maya has cemented its position among the Top 10 best global digital banks. In the esteemed company of Starling Bank, Kakaobank, Revolut, WeBank, NuBank, and MOX Bank, Maya landed an impressive 8th place in The Digital Banker’s assessment of all participating banks.
The Digital Banker praised Maya for its e-wallet proposition, combining savings, instant credit, and cryptocurrency services under a seamless experience. The app stands as a stellar example of how digital banks are revolutionizing processes to enhance customer interaction and usage.
“We’ve achieved groundbreaking innovations and have rapidly expanded our digital banking services across our extensive consumer and enterprise ecosystem. This recognition is a vote of confidence, and we extend our gratitude to our customers and partners for their unwavering trust,” said Angelo Madrid, Maya Bank President.
As of end-June 2023, Maya has attracted an impressive 2.3 million depositors with nearly Php25 billion in deposit balance. Cumulative loan disbursements have reached Php10 billion during the invite-access mode. Notably, Maya is currently the highest-rated local consumer finance app on both Google Play and Apple Store.
Shailesh Baidwan, Maya Group President and Co-Founder of Maya Bank, expressed gratitude for the honor, emphasizing the dedication and talent of their world-class team. He also highlighted the Philippines’ emergence as an incubator for top fintech and digital banking companies.
This latest accolade adds to Maya’s growing list of recognitions, including 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.
As a pioneering force in Southeast Asia, Maya holds the distinction of being the sole provider in the Philippines offering comprehensive financial services through a single, fully digital platform for consumers and enterprises alike.
Orlando B. Vea, CEO and Founder at Maya and Co-Founder at Maya Bank, commended the integration of payments and banking, which has enabled Maya to drive innovation and revolutionize financial services for Filipinos.
The World Digital Bank Awards 2023 recognized 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, combining a reliable e-wallet for daily payments, virtual and physical cards, user-friendly crypto features, high-yield savings with daily interest rates and personal goals, instant credit, and 24/7 chat support, all within a secure and seamless environment.
Furthermore, Maya Business has reimagined the enterprise experience, offering an all-in-one bundle that includes omnichannel payment solutions, easy disbursements for payroll and suppliers, and banking services such as business deposits with a 2.5% interest rate and MSME credit lines. All these services are easily accessible through a single digital platform, Maya Business Manager.
