Maya, a leading digital bank in the Philippines, reported a 52 percent year-on-year growth in deposit balances to P36 billion as of end-September 2024.
Maya offers an attractive alternative by providing up to 15-percent per annum interest —higher than the 0.0625 percent to 1 percent typical of traditional banks.
Customers earn interest daily, which makes the benefits of saving more tangible compared to the traditional monthly accrual. This is enhanced by an intuitive interest-earning tracker, which empowers customers to actively manage and visualize their growing savings in real time.
“We’re redefining how Filipinos master and grow their money,” said Shailesh Baidwan, Maya Group president and Maya Bank co-founder. “We’re not only helping people save but also giving them tools to grow their financial health and access opportunities previously out of reach.”
