Maya, the country’s #1 fintech ecosystem with the #1 digital bank and omnichannel payment processor, emphasized the growing demand among small and medium enterprises (SMEs) for advanced digital banking services at the recently concluded Cashless Expo 2023.
“Our SMEs are not just ready for digital payments; they are eager for comprehensive digital banking solutions,” said Richard Labitag, Maya Head of Acceptance and SME.
As a co-presenter of the groundbreaking Cashless Expo 2023, organized by GoDigital Pilipinas in partnership with the Bangko Sentral ng Pilipinas (BSP), the Department of Trade and Industry (DTI), and the Department of Agriculture (DA), Maya stood out as the champion for digital banking among consumer and enterprises.
“With consumers increasingly adopting digital banking, it’s now time for our SMEs to follow suit. By facilitating digital payment transactions and offering tools like business deposits, we’re simplifying their transition to the digital economy and opening doors to essential financial services like credit,” Labitag added during the event.
From Payments to Digital Banking
Based on the 2022 Status of Digital Payments Report of the BSP, 42 percent of payment transactions have shifted to digital or e-payments as of the end-2022. Maya has been pivotal in driving this change, focusing on empowering consumers and businesses with tailored financial solutions.
“Maya Business serves as the financial backbone for various enterprises, particularly SMEs. We’re now elevating this support with our integrated digital banking solutions, offering a comprehensive platform encompassing payment acceptance, disbursement, business deposits, credit, and money management tools,” elaborated Labitag.
Proudly the Philippines‘ top enterprise digital payment processor and acquirer, Maya offers an all-in-one growth platform for businesses through Maya Business. This platform provides a full spectrum of digital financial services, all unified into a single, user-friendly digital platform.
Growth Partner for SMEs
In addition to the comprehensive services, Maya Business 1-2-3 Grow Bundle offers a streamlined onboarding process, discounted payment options, an attractive 2.5% p.a. business deposit interest rate, and accessible credit up to Php2 million. This strategy showcases Maya’s dedication to nurturing the digital growth of SMEs.
During the three-day expo, Maya equipped participating merchants with QR PH, the interoperable national standard for QR code payments, promoting seamless, secure, and convenient person-to-merchant transactions. PLDT powered the event’s high-speed connectivity as a platinum sponsor.
Maya remains at the forefront of the financial revolution, continually providing innovative solutions that simplify transactions and empower businesses and consumers. For more information, please visit maya.ph and mayabank.ph. Follow Maya on Facebook, Instagram, YouTube, TikTok at @mayaiseverything, and Twitter @mayaofficialph.
Cashless Expo 2023 Collaboration. In photo (L-R): Mr. Mourese Soriano, Corporate Marketing Segment Head, Unionbank; Mr. Gerardo Austria, Vice President for Merchant Acquiring and Payment Gateway, UnionBank; Mr. Renan Santiago, Head of Retail and MSME, Maya; His Excellency Peter Kell, Ambassador of New Zealand to the Philippines; Mr. Richard Labitag, Head of Acceptance and SME, Maya; Assistant Secretary Mary Jean T. Pacheco, Digital Philippines, DTI; Mr. Toff Rada, Head of Public Policy, ByteDance/TikTok Philippines; Deputy Governor Mamerto E. Tangonan, Payments and Currency Management Sector, Bangko Sentral ng Pilipinas (BSP); Mr. Jeff Navarro, Country Manager, Philippines, Visa; Undersecretary Mercedita A. Sombilla, Policy, Planning, and Regulations, Department of Agriculture; Mr. Pete Cruz, Head of Enterprise, Maya; Mr. John Eric “Chet” Alviz, Vice President and Head, PLDT Enterprise Marketing.
Promoting Interoperable QR PH payments. Assistant Secretary Mary Jean T. Pacheco, Digital Philippines, DTI (right) showcases the new QR PH standard standee which promotes interoperable person-to-merchant payments. With her are Deputy Governor Mamerto E. Tangonan, Payments and Currency Management Sector, Bangko Sentral ng Pilipinas (BSP) (left) and Richard Labitag, Head of Acceptance and SME, Maya (middle).
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