Maya, the Philippines’ leading fintech ecosystem, announced that has it achieved net income profitability in the first quarter of 2025, continuing the strong financial momentum it first reached in December 2024. This sustained profitability underscores the effectiveness of its integrated approach and its deep understanding of the Philippine financial landscape.
Maya also accelerated its topline growth in the same quarter, building further on the more than 100% revenue growth achieved in full-year 2024 vs. 2023. This remarkable revenue surge highlights the increasing adoption of the company’s diverse suite of financial services by both consumers and businesses across the nation.
The company has created the leading fintech ecosystem in the Philippines and is now the leading merchant acquirer and the largest digital bank by deposit base. It began its journey as a payments provider and launched its digital bank in 2022. Since then, its net revenues have grown over 5x, and the company achieved profitability in December 2024.
This milestone reflects the company’s sustained growth across digital banking, payments, and lending, reinforcing its position as the country’s most trusted and integrated fintech platform. This integrated strategy allows for synergistic growth, where the success of one service line bolsters the others.
Maya’s Q1 triumph due to lending surge, deposit and payment dominance
According to the company’s press release, Maya’s first quarter 2025 performance was fueled by robust lending activity and continued leadership in deposits and payments. Loan disbursals reached nearly Php 28 billion in the first quarter alone, with cumulative disbursements totaling ₱120 billion.
Its loan-to-deposit ratio improved to 51.1%, signaling strong credit demand and disciplined capital deployment. This efficient capital utilization demonstrates the company’s ability to effectively match funding with lending opportunities.
The company also continued to strengthen its position as the #1 digital bank in the Philippines by deposit balance, ending the quarter with ₱43.6 billion in total deposits — approximately double that of the next largest digital bank.
This achievement highlights the trust the company has built among its customers and its capacity to support accelerated credit expansion.
The significant deposit base provides a stable and cost-effective source of funding for its lending operations. Asset quality remained sound, with a non-performing loan (NPL) ratio of just 3.8%, significantly below the digital banking industry average. This underscores the strength of its risk management systems amid rapid portfolio growth.
Robust credit management and merchant payment leadership drive success
Maya’s sophisticated credit assessment models and proactive monitoring strategies have proven effective in maintaining a healthy loan portfolio. The company is also accelerating growth in its merchant business through an integrated payments and banking platform designed for large enterprises, as well as small and micro businesses.
In 2024, the company processed over ₱1 trillion in payments for merchants, leading the market in digital transactions. Visa has also previously recognized the company as the top acquirer for merchant transaction volume, underscoring their shared commitment to drive digital acceptance and cashless transactions.
This dominance in merchant payments further strengthens its ecosystem by providing a wide network for its banking and lending services.
“We are proud to deliver strong growth across all our products, continued scaling of our integrated ecosystem, and achieving net income profitability in Q1 2025,” said Shailesh Baidwan, Maya Group President and Maya Bank Co-Founder. “This reflects the strength of our model — anchored on innovation, disciplined execution, and a clear mission to expand access to digital financial services for millions of Filipinos.”
This achievement further validates the company’s strategic focus on creating a comprehensive and user-centric financial platform. With a strong first quarter 2025 performance, the company is now on track to further accelerate its ecosystem growth — expanding its credit portfolio, enhancing merchant offerings, growing its consumer platform with products like credit cards, and deepening its impact by democratizing finance in the Philippines.
The company’s commitment to innovation and customer-centric solutions positions it for continued success in the rapidly evolving fintech landscape.
About Maya
Maya is the #1 Fintech Ecosystem in the Philippines, with Maya, the #1 Digital Bank, and Maya Business, the #1 Omni-Channel Payment Processor. Maya Bank is a digital bank regulated by the Bangko Sentral ng Pilipinas (BSP), with deposits insured by the Philippine Deposit Insurance Corporation (PDIC) up to ₱1 million per depositor.
To learn more about Maya, check out maya.ph and mayabank.ph.
Follow Maya at @mayaiseverything on Facebook, Instagram, YouTube, and TikTok and @mayaofficialph on X.