MAYA Innovations Holdings Pte. Ltd. (Maya) on Monday said that it posted a profitable first quarter (Q1) in 2025, fueled by robust lending activity and continued leadership in deposits and payments.
MAYA Innovations Holdings Pte. Ltd. on Monday said that it posted a profitable first quarter in 2025, fueled by robust lending activity and continued leadership in deposits and payments. In a statement, Maya said that loan disbursements reached nearly P28 billion in January-March, raising cumulative disbursements to P120 billion.
The loan-to-deposit ratio also improved to 51.1 percent, which it said signaled strong credit demand and disciplined capital deployment. 'We are proud to deliver strong growth across all our products, continued scaling of our integrated ecosystem and achieving net income profitability in the first quarter of 2025,' Maya Group President and Maya Bank cofounder Shailesh Baidwan said in a statement. 'This reflects the strength of our model — anchored on innovation, disciplined execution and a clear mission to expand access to digital financial services for millions of Filipinos,' he added. Formerly known as PayMaya, Maya said that it also continued to strengthen its position as the number one digital bank in the Philippines by deposit balance, ending the quarter with P43.6 billion in total deposits — approximately double that of the next largest digital bank. Asset quality was said to remain sound with a nonperforming loan ratio of 3.8 percent, significantly below the digital banking industry average and underscoring the strength of its risk management systems amid rapid portfolio growth. Maya is also accelerating growth in its merchant business through an integrated payments and banking platform designed for large enterprises, as well as for small and micro businesses. Maya said that it processed over P1 trillion in payments for merchants last year, leading the market in digital transactions. Visa has also previously recognized Maya as the top acquirer for merchant transaction volume, underscoring their shared commitment to drive digital acceptance and cashless transactions. Given the first-quarter performance, Maya said that it was on track to accelerate its ecosystem growth — expanding its credit portfolio, enhancing merchant offerings, growing its consumer platform with products like credit cards and deepening its impact by democratizing finance in the Philippines. In 2022, PLDT Inc. and its wholly owned wireless communications arm Smart Communications Inc., which control Maya's parent company Voyager Innovations, overhauled PayMaya and renamed it Maya. The move coincided with the launch of Maya Bank which had secured a digital banking license from the Bangko Sentral ng Pilipinas. On Tuesday, PLDT shares closed unchanged at P1,280 apiece.
Posts Profitable Q1 On Robust Lending
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