MVP-backed Maya Bank crowned PH’s best by Forbes, Financial Times

April 16, 2025
12:50PM PHT

Maya Bank, partly owned by Manuel V. Pangilinan-led PLDT Group, has been named the Philippines’ best overall bank by Forbes and the country’s top digital bank by the Financial Times’ The Banker, beating both traditional and digital rivals.

This double recognition, its first time topping Forbes’ Philippine list and a spot among the world’s Top 100 neobanks, underscores Maya’s rise as a digital finance leader.

Management’s view 

“These global recognitions reflect our relentless focus on creating a digital banking experience that is simple, inclusive, and deeply trusted by our customers,” said Shailesh Baidwan, Maya Group president and co-founder of Maya Bank.   

“Our goal at Maya Bank has always been to make everyday banking more accessible and meaningful for more Filipinos. These recognitions remind us that designing for inclusion—whether it’s easier credit, better savings, or seamless digital access—can create real impact at scale,” said Angelo Madrid, president of Maya Bank. 

Core business growth 

 Maya Bank’s deposit base surged 59 percent to ₱39 billion in 2024, while loan disbursements hit ₱92 billion. It now serves 5.4 million customers and has issued 100,000 credit cards, 40 percent of which went to first-time users.

"We are proud to represent the Philippines in the global banking and fintech stage, and we remain committed to building an equitable future for all Filipinos where financial empowerment is truly universal,” said Orlando Vea, Maya founder and CEO and Maya Bank co-founder.

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