Maya reports Q1 profitability, maintains lead in digital banking
Maya, a PLDT-backed fintech firm, reported net income profitability for Q1 2025, continuing its strong growth trajectory since achieving profitability at the end of 2024.
In Q1 2025, Maya recorded P43.6 billion in total deposits and disbursed nearly P28 billion in loans, raising cumulative disbursements to P120 billion, maintaining its position as the largest digital bank by deposit base with a loan-to-deposit ratio of 51.1%.
Maya's nonperforming loan ratio remained below the industry average at 3.8%, reflecting robust financial health despite broader sector challenges.
Shailesh Baidwan, President of Maya Group, highlighted that strong lending activity and disciplined execution contributed to continued profitability and growth in an integrated ecosystem.
Maya processed over P1 trillion in payments for merchants in 2024 and continues to expand its offerings with plans to introduce credit cards and enhance merchant services.
Despite competition from GCash, Maya remains the leading firm in digital transactions and is poised to accelerate its ecosystem growth through expansion of its credit portfolio and improvement of merchant offerings.
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