PayMaya relaunched as Maya Business

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

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

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

“With the new Maya Business brand, we’re creating the future of the enterprise, unleashing digital transactions at a faster speed and on a broader scale,” Manuel Pangilinan, chairman of Voyager and PayMaya, and Maya Bank chairman emeritus, said.

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

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

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

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

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

“From being a payments partner for enterprises, we’re now an all-in-one growth partner for businesses,” Shailesh Baidwan, PayMaya Philippines Group president and Maya Bank co-founder, said.

“Beyond leadership in payment acceptance, we’re enabling our customers with new digital financial services,” said Baidwan.