Insider Spotlight
As financial technology firms scale nationwide, their growing local presence is reshaping city revenue bases and economic profiles.
Mandaluyong City has recognized Maya Philippines Inc. and Maya Bank Inc. as among its Top Taxpayers, highlighting the companies’ contributions to the city’s revenue base, which supports public services and local development programs.
The recognition reflects Maya’s continued commitment to fulfilling its tax obligations as both entities continue to grow their operations from Mandaluyong City, where the companies maintain key business and operational functions.
The acknowledgment, detailed in a company release, underscores how high-growth digital finance players are becoming vital contributors to local government coffers.
For Mandaluyong — long known as a commercial and financial district — fintech firms like Maya are reinforcing its role in the country’s evolving digital economy.
“We are honored that both Maya Philippines and Maya Bank have been recognized among Mandaluyong City’s top taxpayers,” said Shailesh Baidwan, Maya Group president and Maya Bank co-founder.
“We remain committed to contributing responsibly to local economic development while continuing to serve millions of Filipinos through digital financial services.”
Why it matters
Local governments depend heavily on business taxes to fund essential services, infrastructure upgrades and community programs.
The presence of fast-scaling digital finance firms provides a steady and potentially expanding revenue stream, especially as electronic transactions become more embedded in daily commerce.
Beyond its contribution as a major taxpayer, Maya continues to support Mandaluyong City’s digital initiatives by providing secure and convenient digital payment solutions for government services, local businesses and residents.
These solutions help modernize payment collections and enable both public offices and enterprises to process transactions more efficiently and safely.
The big picture
The dual role of fintech firms — as both taxpayers and digital infrastructure partners — signals a deeper integration between private innovation and public sector modernization.
For Mandaluyong, Maya’s expansion not only strengthens fiscal capacity but also accelerates the city’s transition toward more seamless, technology-driven public service delivery. —Princess Daisy C. Ominga | Ed: Corrie S. Narisma
