Maya, formerly known as PayMaya, is one of the most widely used digital financial platforms in the Philippines. It is designed to make everyday money transactions easier by allowing users to pay, send, save, and manage their finances using just a mobile phone. Instead of relying on cash or visiting physical bank branches, Maya lets people handle most of their financial needs through a single app, making it especially convenient for daily use.
At its core, Maya works as a digital wallet. Users can send money to family and friends, pay utility bills, buy mobile load, and shop online or in physical stores using QR codes. The app also provides virtual and physical cards that can be used for online purchases or in-store payments, making cashless transactions simple and accessible. Cashing in is easy as well, with multiple options available such as bank transfers and partner outlets nationwide.
Beyond payments, Maya also offers banking services through Maya Bank, its digital banking arm. Users can open a savings account directly in the app and earn interest on their balance without complicated requirements. Maya Bank is regulated by the Bangko Sentral ng Pilipinas (BSP), and deposits are insured by the Philippine Deposit Insurance Corporation (PDIC) up to the allowed limit. This gives users confidence that their money is safe while enjoying the convenience of digital banking. Maya also provides access to credit features such as personal loans and credit lines, all managed within the app.
Maya stands out because it goes beyond basic banking. The platform allows users to explore additional financial tools such as cryptocurrency trading, investments, and insurance products, often with small starting amounts. This makes Maya appealing to beginners who want to learn more about managing and growing their money. For businesses, Maya offers payment solutions that help merchants accept digital payments both online and in physical stores.
Overall, Maya is an all-in-one money app built for modern Filipino users. It combines payments, banking, and financial tools into a single platform that is easy to use and accessible anytime, anywhere. Whether for daily expenses, savings, or simple financial growth, Maya provides a convenient alternative to traditional banking in the Philippines.