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October 01, 2023

Maya unveils all-in-one digital banking solution to empower SMEs

Maya is reshaping the landscape for small and medium enterprises (SMEs) and clients in the new economy through its Maya Business 1-2-3 Grow Bundle, a comprehensive digital banking solution.

This package seamlessly combines essential features such as QR code payments acceptance, business deposits, and credit solutions, providing a powerful platform for boosting profits and accelerating business expansion.

Notably, the bundle offers a unique QRPH code for accepting various QR code payments, along with a 1% discount on the merchant discount rate for the initial 3 months.

Additionally, SMEs and clients can open a Maya Business Deposit account and earn a remarkable 2.5% per annum interest, significantly surpassing rates offered by traditional banks.

Another innovative aspect is the Maya Flexi Loan, which extends a loan offer of up to P2 million within 3 months of utilizing Maya for wallet and card transactions, all without the requirement of collateral.

Bankero Shailesh Baidwan, Maya Group president and co-founder of Maya Bank, emphasized that this offering is designed to cater to SMEs, filling a gap left by conventional banking institutions and further solidifying Maya’s position as a transformative force in the realm of digital finance.


BSP disqualifies unregistered money service business

The Bangko Sentral ng Pilipinas (BSP) has disqualified Riyben Foreign Exchange for operating an unregistered money service business, part of BSP’s ongoing efforts to curb unauthorized MSBs, following similar actions taken against six other firms earlier this year.

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