The IT and Business Process Association of the Philippines (IBPAP) has partnered with Maya to give nearly 1.9 million Filipino digital workers better access to savings and credit tools.
The IT-BPM sector contributes around 8 percent of the country’s GDP and brings in over $40 billion each year. It employs a young workforce, mostly under 35, who are fluent in digital tools but often left out of traditional banking.
Many workers have steady incomes but limited credit histories, making it harder to qualify for credit cards and other financial products.
Through this partnership, IBPAP and Maya aim to provide qualified workers with savings accounts and responsibly issued credit cards. The goal is to help them build formal credit records, reduce dependence on informal lending, and improve financial stability. Both groups stressed that responsible credit is about creating opportunities, not adding debt.
The initiative also looks at modernizing payroll and reimbursement systems for IT-BPM companies, which could ease operations for large employers. The Bangko Sentral ng Pilipinas supports the program as part of its push for financial inclusion and responsible credit expansion.
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Maya will use digital data and secure systems to deliver these services, combining financial health tools for individuals with scalable solutions for businesses.
