Maya cornered a 61-percent market share of digital banking accounts as of the first quarter of 2023, which solidified its position as the leading digital bank in the country.
Latest data released by the Bangko Sentral ng Pilipinas showed Maya also secured 71 percent of total depositors and 46 percent of the total deposit balance among licensed digital banks during the period. The milestone was achieved in less than a year since Maya’s public launch in April 2022.
More than 1.8 million Filipinos have created their own deposit accounts, collectively accumulating about P21 billion in deposit balance.
The number of Filipinos choosing Maya as their preferred digital bank also continued to grow. Maya has drawn the trust of 2.3 million depositors, amassing a remarkable P25 billion in deposit balance, as of end-June 2023. Shailesh Baidwan, group president at Maya and co-founder of Maya Bank, said in a statement the bank would continue to create innovative and meaningful financial services for the large segments of unbanked and unhappily banked customers.