Maya Philippines Inc. said the stock investing feature on its platform makes participation in the planned initial public offering (IPO) of Maynilad Water Services Inc. more accessible to retail investors.
The feature, called Maya Stocks launched in December 2023, allows upgraded users to open and fund a brokerage account in minutes and view available IPOs directly within the Maya app.
This simplifies what was previously a multi-step process, making it a “mobile-first experience.” While IPO subscriptions are completed on participating brokers’ platforms, Maya provides a secure and convenient channel for account opening and funding.
Maya Group president and co-founder of Maya Bank Shailesh Baidwan said the company’s goal has “always been to make access to financial opportunities simpler and more inclusive.” He said that Maya Stocks “brings IPO participation closer to consumers by embedding a secure, regulated process into the same app they already use every day.”
The platform’s partnerships with licensed brokers DragonFi Securities Inc., F. Yap Securities Inc. (2tradeasia), and Philstocks Financial Inc. make this feature possible.
