#FinancePH - Maya Leads the Way in Business Payments Across the Philippines

If you're a business owner or simply interested in the world of digital payments, I've got some exciting news for you. Maya, through its enterprise arm Maya Business, has cemented its position as the leading payments acquirer and processor in the Philippines. Let's explore how Maya is revolutionizing business payments and making cashless transactions more accessible for everyone.

A Leader in Digital Payments

Maya has been recognized by Visa, a global leader in digital payments, for processing the highest e-commerce and contactless payment volumes in the Philippines from 2021 to 2024. This recognition underscores Maya's commitment to driving digital acceptance and cashless transactions across the country. In 2024, Maya maintained its leadership in the QRPH P2M market as a receiver, holding a 44% market share in terms of transaction volume.

Empowering Businesses of All Sizes

One of the most impressive aspects of Maya's growth is its focus on empowering micro, small, and medium enterprises (MSMEs). Traditionally, small businesses in the Philippines have relied on cash transactions with limited access to financial services. Maya is changing this by offering tailored solutions that help these businesses grow. From business deposit accounts with a market-leading 2.5% annual interest rate to unsecured business loans of up to ₱2 million, Maya provides small businesses with crucial access to credit in a financing-scarce market.

Innovative Payment Solutions

Maya's suite of tools, including Maya Checkout, Maya Terminal, and Maya QR, allows businesses to accept payments via credit and debit cards, e-wallets, and QR PH codes. This flexibility helps both urban entrepreneurs and rural vendors reach more customers. Maya has also expanded its network through partnerships with global players like Visa, Mastercard, JCB, and American Express, as well as local platforms including BancNet, GCash, and GrabPay. This dual approach enhances both international reach and local convenience.

Driving Financial Inclusion

As the first major player to adopt the QR PH standard, an initiative by the Bangko Sentral ng Pilipinas (BSP) to unify digital payments, Maya has made cashless transactions more accessible to smaller merchants. This is a key step towards financial inclusion in the country. Maya's continued expansion aligns with the BSP’s push for digitalization, with the central bank targeting 70% digital retail payment volume by 2028.

Maya's success is driven by the combined strengths of its ecosystem—Maya Bank, the No. 1 digital bank in the Philippines, and Maya Business, the top omni-channel payment processor. Together, they are driving financial inclusion and supporting the country's transition to a cashless economy.

So, whether you're a business owner looking to streamline your payment processes or simply interested in the future of digital transactions, Maya is leading the way in making cashless payments more accessible and efficient. Stay tuned for more updates and innovations from Maya!

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