Maya Bank, the digital banking arm of Voyager Innovations Inc., said Tuesday it registered one million customers and reached P10-billion deposit balance in just five months after its public launch, affirming its position as the leading digital bank in the Philippines.
“Financial services need not be complex. This astounding response to our efforts reflects the big opportunity for digital banking in the Philippines,” Maya Group founder and chief executive Orlando Vea.
Vea, who is also a co-founder of Maya Bank, said its rapid growth showed the increasing preference of Filipinos for an all-in-one digital banking and payments experience.
Publicly launched in end-April this year, Maya Bank powers the digital banking services of Maya, the only finance app that cohesively integrates the power of an e-wallet, savings, credit and crypto in one platform.
Digital banking is seen to boost financial inclusion and digital adoption in the country. Data showed while there are now more Filipinos with a financial account, there is a pent-up need to adopt financial services such as savings and credit.