Tala, a fintech unit of Global Majority, partnered with Maya Bank, the Philippines’ digital leader, at Money 20/20 Asia to expand financial inclusion for millions of Filipinos.
The partnership, a first-of-its-kind initiative in the Philippines and Southeast Asia, aims to channel a substantial P2.75 billion through independent digital platforms, providing credit access to a vast unbanked population.
“We’re thrilled to partner with Maya Bank in this endeavor, knowing that their mission and values are well-aligned with Tala’s. We consider this a milestone in our commitment to become an accessible, reliable and trusted partner to our customers, one that helps them build financial resilience, stability, and ultimately, wealth,” said Tala president and head of finance, strategy & analytics Charisse Alvarez.
Since 2017, Tala disbursed over P85.32 billion to 2.7 million customers, becoming a major Philippine digital lender. Serving nearly 9 million customers across three continents, Tala unlocks economic power through credit access for the underbanked.
Maya Bank, a Philippine digital banking pioneer, is transforming financial services for Filipino consumers and small businesses (MSMEs) through innovative offerings like savings and deposits.
“This partnership is set to significantly expand the availability of financial solutions for Filipinos, leveraging the latest digital and mobile technologies. Our joint effort is a significant step towards closing the financial access gap, ensuring we meet the everyday financial needs of our customers in this digital age,” Maya Bank president Angelo Madrid.
With 52 percent of the world lacking access to financial services, Tala seeks partnerships with like-minded banks in Southeast Asia to bridge this gap. Together, Maya Bank and Tala aim to transform how Filipinos manage their finances and empower the underbanked globally.