March 21, 2023

Maya looks at launching more loan and investment products

Digital lender Maya Bank, Inc. is planning to launch more loan and investment products this year to expand its services and improve financial inclusion in the Philippines.

The bank’s Chief Marketing Officer, Pepe Torres, said that they are considering introducing loan products for small businesses and expanding their offerings to payments, banking products such as deposits and employee payroll, as well as lending.

Maya Bank also plans to boost its investment features to encourage customers to use more of its financial services.

The digital lender, which currently has 1.5 million customers, was granted a digital banking license by the Bangko Sentral ng Pilipinas in 2022 and is owned by Voyager Innovations, Inc.