Maya adds Mini Payments as demand grows for repayment flexibility

Insider Spotlight

• Maya introduces Mini Payments, allowing eligible credit card purchases to be converted into monthly payment plans through its app
• The feature reflects growing consumer demand for greater flexibility in managing larger purchases and household budgets
• Cardholders can split qualifying transactions into up to 12 monthly payments at a fixed 1 percent monthly interest rate
  
  
  

As consumers increasingly seek ways to balance larger purchases with everyday expenses, financial institutions are expanding tools that offer greater flexibility in managing repayments. 

The trend reflects a growing preference for payment options that help spread costs over time while maintaining visibility over monthly obligations.

Maya is tapping into that demand with the introduction of Mini Payments, a new feature for Maya Black Credit Card and Landers Cashback Everywhere Credit Card holders that allows eligible posted purchases to be converted into monthly payment plans directly within the Maya app, according to a company release. 

The feature enables users to decide after making a purchase whether to spread payments over several months, rather than relying on merchant-specific installment promotions.

Why it matters 

Flexible repayment options have become an increasingly important consideration for consumers making larger purchases such as travel bookings, gadgets, home improvements, or expenses tied to special occasions.

Maya said cardholders can convert eligible purchases into three-, six-, nine-, or 12-month payment plans at a fixed 1 percent monthly interest rate regardless of term. 

The company said approvals can be completed within 24 hours, while payment schedules and outstanding balances can be monitored directly through the app.

By the numbers

Maya said the minimum converted amount required is P3,000 for a three-month plan, P6,000 for six months, P9,000 for nine months, and P12,000 for 12 months. 

The company said there is no minimum amount per transaction, allowing users to combine multiple eligible purchases to meet the threshold for their preferred payment plan.

The company said the feature gives cardholders greater flexibility because repayment decisions can be made after purchases have already been posted, eliminating the need to wait for installment promotions or transact with partner merchants.

What’s next

Mini Payments created through Sept. 30, 2026 will carry zero processing fees, according to Maya, providing an incentive for cardholders to try the feature during the promotional period.

To use the feature, cardholders can select an eligible posted transaction in the Maya app, choose a repayment term, and review the monthly payment amount, total interest, and payment schedule before confirming. 

Maya said the feature is designed to help users better align spending with budgets and cash flow while maintaining visibility over repayment commitments. —Princess Daisy C. Ominga| Ed: Corrie S. Narisma