This builds on strong momentum from December 2024 and underscores Maya’s rapid evolution from a payments startup to the Philippines’ leading digital bank.
Maya is partly owned by Manuel V. Pangilinan-led PLDT Inc., which owns 37.7 percent stake in the financial technology giant.
Headline figures
• Revenues more than doubled in 2024, with strong growth continuing into the first quarter of 2025.
• Maya disbursed nearly P28 billion in loans during the first quarter, bringing total disbursements to P120 billion.
• Loan-to-deposit ratio reached 51.1 percent, reflecting strong credit demand and disciplined capital use.
• Total deposits hit P43.6 billion—double that of the next biggest digital bank.
• Non-performing loan ratio remained low at 3.8 percent, well below industry averages.
Management’s view
“We are proud to deliver strong growth across all our products, continued scaling of our integrated ecosystem, and achieving net income profitability in Q1 2025,” said Shailesh Baidwan, Maya Group president and Maya Bank co-founder.
“This reflects the strength of our model—anchored on innovation, disciplined execution, and a clear mission to expand access to digital financial services for millions of Filipinos,” he added.
Merchant payments hit P1 trillion
Its payments business, meanwhile, continues to scale. Maya processed over P1 trillion in merchant payments in 2024, making it the country’s top merchant acquirer.
The company is now deepening its push into SME and enterprise segments through integrated banking and payment services.
It plans to roll out more credit products, expand its consumer base, and increase penetration among small businesses.
