Economy · August 5, 2022

PayMaya was relaunched as Maya Business

PAYMAYA announced that it has changed and relaunched its corporate brand as Maya Business.

The rebranding comes with the successful launch of the new Maya app in April 2022, when demand for digital wallet and banking services peaked.

The new Maya Business offers omnichannel payment acceptance, business-to-business and business-to-government payments solutions. It also comes with digital banking services provided by Maya Bank, which includes a high-interest corporate deposit account and a range of credit products for businesses and their customers.

“With the new Maya Business brand, we are creating the future of the enterprise by unleashing digital transactions at a faster rate and on a larger scale,” said Manuel Pangilinan, president of Voyager and PayMaya and president emeritus of Maya Bank.

During the relaunch, keynote speakers Alfredo Pascual, Secretary of the Department of Commerce and Industry, and Bangkok Sentral ng Pilipinas (BSP) Governor, Felipe Medalla, stressed the need to accelerate the digital transformation of businesses as critical parts of the economic growth and financial inclusion.

Get the latest news

delivered to your inbox

Sign up for the Manila Times daily newsletter

By registering with an email address, I declare that I have read and accept the Terms of Service and the Privacy Policy.

“The BSP welcomes the launch of new digital financial services that bring the benefits of digitization to Filipino businesses and end users,” said Medalla. “We are creating the right environment as these efforts contribute to our drive to expand the funding options for our MSMEs (micro, small and medium-sized enterprises) and bring them into the formal financial system mantle.”

Pascual also highlighted the crucial role of the private sector in helping the Philippines achieve its digital transformation goals.

“The private sector must play a key role, particularly in implementing the digital transformation of large and small businesses, as well as the government itself. Congratulations to Maya for providing a fast and secure financial transaction platform for businesses and consumers,” he said. Pascual stated.

Maya Business is committed to accelerating digital transformation between businesses and consumers in line with the national goals of the Digital Payments Transformation Roadmap 2023 and the e-Commerce Philippines Roadmap 2022.

“As a payment partner for business, we are now an all-in-one growth partner for business,” said Shailesh Baidwan, president of PayMaya Philippines Group and co-founder of Maya Bank.

“In addition to leadership in accepting payments, we are offering our customers new digital financial services,” said Baidwan.