Maya

Maya is the Philippines' most widely used regulated digital bank, combining mainstream financial services with in-app cryptocurrency spot trading — including SOL and multiple Solana-ecosystem tokens — for millions of Filipinos who previously lacked access to traditional banking.

Background

Maya traces its roots to PayMaya, a digital wallet product launched by Voyager Innovations, a fintech subsidiary of PLDT, one of the Philippines' largest telecommunications conglomerates. The service began as a prepaid digital wallet enabling Filipinos to pay bills, shop online, and send money without a traditional bank account. In April 2022, the platform rebranded from PayMaya to Maya to reflect its evolution from a wallet into a full digital bank, following Maya Bank, Inc.'s approval as a licensed digital bank by the Bangko Sentral ng Pilipinas (BSP).

Today, Maya operates under a dual-license structure: Maya Philippines, Inc. holds a Virtual Asset Service Provider (VASP) license covering crypto trading, while Maya Bank, Inc. is licensed as a digital bank. Both entities are regulated by the BSP.

Core Platform

Maya positions itself as an all-in-one financial app. Its headline pitch — "It's everything and a bank" — reflects a product strategy that stacks multiple financial verticals into a single consumer-facing mobile application.

Digital Banking and Payments

Maya accounts carry no minimum balance requirement and can be opened with a single government-issued ID, targeting the large segment of Filipinos previously excluded from traditional banking. Core features include:

• Peer-to-peer transfers via QR code, phone number, or @username
• Interbank transfers to over 100 Philippine financial institutions
• Bills payment for utilities, government fees, and subscriptions
• Mobile load and gaming pin purchases
• Remittance claims for overseas Filipino workers (OFWs)
• Physical and virtual Visa debit cards

Savings and Credit

Maya Bank offers savings accounts with promotional interest rates up to 15% per annum — far above Philippine commercial bank rates — tied to everyday platform usage. The Maya Credit feature extends in-app credit lines of up to ₱30,000 with near-instant approvals, targeting users with thin or no credit history. Maya also issues credit cards, including Maya Black and co-branded products such as Landers Cashback Everywhere, in partnership with established retail chains.

Crypto Trading

Maya received its BSP VASP license in January 2022 and opened crypto trading to users in 2023, initially operating via a partnership with Coinbase Institutional, which provides the underlying exchange infrastructure for Maya's in-app spot market. There are no transaction fees for crypto trades and the minimum entry amount is ₱100 (roughly $1.70 USD), reflecting the platform's focus on mass-market accessibility.

As of mid-2026, Maya Crypto lists more than 50 cryptocurrencies for buy-and-sell trading, with the selection spanning major assets, stablecoins, DeFi protocol tokens, AI infrastructure tokens, and memecoins. The token catalogue has expanded steadily since launch, adding 18 new assets in a single March 2026 update.

Solana ecosystem coverage is substantive. SOL trades directly against Philippine pesos (PHP). Solana-native or Solana-linked tokens available on Maya include:

• BONK — the Solana memecoin with broad consumer recognition in the Philippines
• dogwifhat (WIF) — another Solana-origin memecoin with an active Southeast Asian following
• PYTH — Pyth Network's oracle governance token, a foundational Solana infrastructure project
• RENDER — the decentralized GPU compute token with significant Solana deployment

For Filipino users, Maya represents one of the most accessible regulated fiat-to-Solana onramps in the country: peso funding is available through 90,000+ cash-in partner channels nationwide, covering convenience stores, banks, remittance centers, and ATMs.

Crypto Payments Expansion

In May 2026, Maya announced a partnership with Lydian, a payments infrastructure provider, to enable the use of virtual assets for commercial payments in the Philippines. This signals a move beyond trading-only crypto access toward crypto-denominated real-economy transactions within Maya's merchant network.

Scale and Market Position

Maya claims the top position among Philippine digital bank apps by monthly active users. The Philippines is one of the world's strongest crypto-adoption markets: Chainalysis's 2025 Global Crypto Adoption Index ranked it 9th globally, while TRM Labs placed it 4th. A significant proportion of Maya's user base overlaps with active crypto holders. The company is also exploring a U.S. IPO of up to $1 billion, reflecting broader institutional confidence in its combined digital banking and crypto platform model.

Developer Platform

Maya operates a dedicated developer portal at developers.maya.ph with REST APIs covering checkout, wallet integration, interbank transfers, remittances, bills payment, and merchant mini-apps. The platform reports 99.93% API uptime and sub-70ms response times, and offers sandbox environments and SDKs for multiple languages.

Regulatory and Security Posture

As a BSP-licensed digital bank and VASP, Maya operates under one of Southeast Asia's more structured regulatory frameworks for digital assets. Deposits held with Maya Bank are insured by the Philippine Deposit Insurance Corporation (PDIC) up to ₱500,000. Crypto operations are supervised under the BSP's fintech licensing regime, which mandates AML/CFT compliance, capital requirements, and consumer protection standards.

Solana Relevance

Maya is not a Solana-native protocol or decentralized application. It is a centralized, BSP-regulated fintech platform that offers SOL and several Solana-ecosystem tokens as part of its broader crypto trading product. For the Philippine market — among the most crypto-active in Asia — Maya's combination of regulatory standing, mass distribution, and low minimum investments makes it a meaningful gateway to Solana assets for retail users who may not have access to international exchanges or self-custody infrastructure. As Solana adoption deepens across Southeast Asia, Maya's scale and positioning make it a notable distribution point for the ecosystem in the region.