Maya Business Reigns Supreme
Maya Business Reigns Supreme: Threepeat as PH’s #1 Omni-Channel Payments Processor
Manila, Philippines – February 20, 2024: Maya Business, the undisputed champion in the Philippines’ omnichannel payments scene, cemented its dominance yet again by clinching the prestigious #1 Omni-Channel Payments Processor title for the third consecutive year. This award, presented by global payments giant Visa, recognizes Maya Business’s significant contributions in processing the highest e-commerce payment volume and the largest share of contactless transactions in the country from 2021 to 2023.
Fueling Digital Growth, One Transaction at a Time:
With a remarkable 170% year-on-year growth in its active merchant base by December 2023, Maya Business has become the backbone of digital payments for a diverse range of businesses, including leading retail chains, restaurants, transportation providers, e-commerce platforms, government agencies, and even micro-merchants. This translates to nearly a million businesses empowered by Maya’s solutions, solidifying its position as the nation’s top merchant acquirer and a key driver of economic growth and digital innovation.
Championing Omni-Channel, Driving Cash-Less:
As the #1 Omni-Channel Payments Processor, Maya Business empowers businesses of all sizes to accept a wide range of payment methods – credit cards, debit cards, e-wallets, QR codes, and emerging technologies – both in-store and online. This omnichannel approach reduces reliance on cash, promoting safety, convenience, and operational efficiency for businesses and consumers alike.
Leading the QR Ph Charge:
Maya Business stands at the forefront of QR Ph adoption, processing nearly half of all QR Ph transactions for person-to-merchant (P2M) payments in 2022 and 2023 (based on BancNet data). This leadership role further cements Maya’s commitment to financial inclusion and the digitization of the Philippine economy.
Shailesh Baidwan, President of Maya Group and Co-Founder of Maya Bank, shares his vision: “Driving the Philippines towards a cash-lite future is truly energizing. Every transaction via Maya Business not only marks a significant leap towards a more digitized economy but also boosts efficiencies for businesses big and small. This transformation enhances safety and convenience for all.”
More Than Just Payments: A Fintech Ecosystem:
Maya Business is an integral part of the Maya Group’s broader fintech ecosystem, catering to both MSMEs and large enterprises. This ecosystem also includes the highly-rated Maya app, serving individual consumers for a variety of financial needs. Together, they create a comprehensive and interconnected financial experience for all segments of the Philippine market.
Unveiling a Seamless Payment Journey:
Maya Business goes beyond simply processing payments; it offers a holistic solution for businesses. Through user-friendly tools like Maya Checkout, Maya Terminal, and Maya QR, merchants can effortlessly manage diverse payment methods, reach global customers with international networks, and tap into a vast local user base through partnerships with leading Philippine payment platforms.
Championing MSMEs with the 1-2-3 Grow Bundle:
Recognizing the unique challenges faced by micro, small, and medium enterprises (MSMEs), Maya Business launched the innovative 1-2-3 Grow Bundle. This solution combines reduced QR Ph processing rates, high-yield savings accounts with 2.5% annual interest, and the potential for substantial credit lines – all designed to empower MSMEs and fuel their growth.
Unlocking Credit Access for the Underserved:
Addressing the long-standing credit gap faced by MSMEs, Maya Business offers unique solutions like instant credit through Cash Advance. This service leverages payment history and app engagement data for credit assessment, making it easier for even traditionally underserved micro-enterprises to access funding and grow their businesses.
Maya Business has undoubtedly emerged as a leading force in the Philippine payments landscape. Its commitment to innovation, inclusivity, and seamless solutions has earned it the trust of nearly a million businesses and positioned it as a key driver of the nation’s digital transformation. With its continued focus on empowering businesses and individuals, Maya Business is poised to further revolutionize the Philippine financial ecosystem in the years to come.
Micro-enterprises, starting with Maya Center agents, now have access to instant credit through services like Maya Advance, thanks to Maya’s insightful use of payment history and app engagement for credit assessment
Maya is the #1 Fintech Ecosystem in the Philippines, with Maya, the #1 Digital Bank, and Maya Business, the #1 Omni-Channel Payment Processor. To learn more about Maya, check out maya.ph and mayabank.ph. Follow Maya at @mayaiseverything on Facebook, Instagram, YouTube, and TikTok and @mayaofficialph on X (formerly Twitter)
