Maya, the country’s leading fintech ecosystem, reported net income profitability for the first quarter of 2025, marking a significant milestone in its evolution from a payments startup to a fully integrated digital banking powerhouse. The announcement extends the profitability first achieved in December 2024 and signals continued momentum for the company’s commercial and financial trajectory.
Backed by surging topline growth—building on more than 100 percent year-on-year revenue expansion in 2024—Maya’s strong Q1 performance underscores its dominant position in the Philippines’ fintech landscape. The company is currently the largest digital bank by deposit base and the top merchant acquirer nationwide.
“Our Q1 results validate the strength of our model—anchored on innovation, disciplined execution, and a clear mission,” said Shailesh Baidwan, Maya Group president and Maya Bank co-founder. “We are scaling a robust, integrated ecosystem that delivers on both customer impact and commercial performance.”
Key to its first-quarter success was accelerated lending activity, with P28 billion in loans disbursed during the period, bringing cumulative lending to P120 billion. The company’s loan-to-deposit ratio improved to 51.1 percent, highlighting strong demand and prudent capital management.
Total deposits rose to P43.6 billion—roughly double that of the next largest digital bank—reinforcing Maya’s status as the digital bank of choice for Filipinos. Asset quality remained healthy, with a non-performing loan (NPL) ratio of just 3.8 percent, well below the industry average.
Maya also maintained its leadership in digital payments, processing over ₱1 trillion in merchant transactions in 2024. Its integrated payments and banking platform continues to drive adoption across enterprise, SME, and micro-merchant segments. Global payment network Visa has recognized Maya as the Philippines’ top acquirer by merchant transaction volume.
With its Q1 profitability milestone and continued ecosystem expansion, Maya is positioning itself for further growth in credit, merchant solutions, and consumer financial products, including credit cards—solidifying its role in driving financial inclusion and digital transformation in the country.
