Maya is One of World's Best Banks, According to Forbes

Maya, one of the leading digital banks in the Philippines, earned a place in Forbes Magazine's roster of World’s Best Banks for the second consecutive year. The distinction recognizes the company's efforts to redefine digital banking by making financial services more accessible for Filipinos across the board.

According to surveys conducted by Forbes and Statista, customers have voiced a high level of satisfaction, positioning Maya as the third best bank domestically and highlighting its growing influence on the global stage.

Banking challenges persist in the Philippines, with the 2021 Financial Inclusion Survey by the central bank revealing that 44% of adults still lack access to formal banking services.

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Maya aims to close these gaps. One valid ID is the ticket to a comprehensive suite of financial services: savings, loans, spending options, investments, and a rewards system—all housed within a singular, user-friendly app. Maya’s offerings come free of minimum deposit or balance requirements, making financial management more straightforward than ever.

Maya also offers high-interest savings products, as much as 14% interest annually, and equips users with tools for personal budgeting and financial planning.

The bank simplifies borrowing, allowing for substantial loans based on innovative, AI-enhanced credit assessments. Investing also becomes more accessible as Maya requires minimal initial amounts and partners with leading entities to offer diverse investment opportunities.

Furthermore, the complimentary Maya Card offers the convenience of a personalized, globally accepted card, making transactions seamless worldwide.

According to Maya, their approach has resonated well with Filipinos, as evidenced by surges in engagement. It has doubled its depositor base to 3 million, achieved a 69% increase in deposit balance to P25 billion, and booked a sevenfold growth in loan disbursements to P22 billion in 2023.