Maya, a Philippine-based digital bank, won the prestigious Best Digital Bank award at the World Digital Bank Awards 2023, beating other contenders in the country and the region.
The award, organized by The Digital Banker, recognizes the most innovative and customer-centric digital banks in the world. Maya ranked 8th in the global Top 10 list, alongside Starling Bank, Kakaobank, Revolut, WeBank, NuBank, and MOX Bank.
The Digital Banker praised Maya for its cutting-edge product offerings, superior customer experience, and dominant market position. It said Maya has “reimagined the digital process to drive customer interaction and usage” by combining its e-wallet proposition with savings, instant credit, and cryptocurrency services.
Maya Bank President Angelo Madrid said the recognition is a validation of their efforts to redefine banking in Southeast Asia. “We’ve broken industry records with our game-changing innovations as we rapidly scale our digital banking services across our comprehensive consumer and enterprise ecosystem. The recognition is a welcome vote of confidence, and we thank our customers and partners for the continuous trust,” he said.
As of June 2023, Maya had 2.3 million depositors with nearly PHP 25 billion ($500 million) in deposit balance. It also disbursed PHP 10 billion ($200 million) in loans while on invite-access mode. Today, Maya is the #1 highest-rated local consumer finance app on Google Play and Apple Store.
Maya CEO and Founder Orlando B. Vea said Maya is the only provider in the Philippines to offer comprehensive financial services via a single, fully digital platform for both consumers and enterprises. “By integrating payments and banking, Maya has unlocked limitless ways to innovate financial services for Filipinos,” he said.
The Maya app provides an all-in-one digital banking experience with its reliable e-wallet for daily payment transactions, virtual and physical cards, easy-to-use crypto, high-yield savings with daily interest rate and personal goals, instant credit, and 24/7 chat support, all within a secure and seamless environment.
Meanwhile, Maya Business has reinvented the enterprise experience, offering an all-in-one bundle including omnichannel payment solutions, easy disbursements for payroll and suppliers, and banking such as business deposits with a 2.5% interest rate and MSME credit lines. All these needs are within reach via a single digital platform, Maya Business Manager.
This latest honor follows Maya’s recognition in 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.