Online e-wallet PayMaya is rebranding and changing its name to an all-in-one money app called Maya.
Maya combines the popular PayMaya e-wallet with new features like crypto, and digital banking experience powered by Maya Bank which allows users to spend, save, grow, invest, and master their money just using their smartphone.
The new Maya app comes with new features that make money handling easier and more seamless. Some of the new features according to Maya are:
- Maya Savings is a high-yield savings account with a 6% introductory interest rate, the highest offered by a local bank today. This initial offer is available until August 31, 2022. It is powered by the BSP-licensed digital bank Maya Bank, allowing you a seamless experience in-app when saving your money. Eligible PayMaya customers will be able to move money from their e-wallet to Maya Savings with just a couple of clicks in the app and earn interest on their balance! All you need is an upgraded Maya account to access this feature – and it requires no maintaining balance.
- Maya Credit is a virtual credit line that lets you borrow up to P15,000 within the app. You can use this to pay your bills, buy groceries, purchase load, or upgrade your smartphone! This credit line can be accessed in as fast as 60 seconds for eligible users – giving you cash in a flash whenever you need it.
- Maya Crypto is the easiest way to start your crypto journey. You can buy, hold, and sell popular coins, including Bitcoin, Ethereum, Solana, Tether, and more, for as low as P1 all within the Maya app!
- Maya Wallet continues to have all the e-wallet features that made PayMaya the top-rated local finance app in the country – only now, it comes with a revamped customer experience. You can still enjoy free cash-in through over 90,000 touchpoints nationwide so that you spend your money on the things that matter.
Maya says that more features are coming to the app such as dark mode, a goal-based savings feature, and more.
“Maya is all about challenging conventions – and this translates into the experience we’re giving our users with this new all-in-one money app. With this transformation, we want to enable Filipinos to make bolder choices with their money and seize opportunities – big and small,” said Shailesh Baidwan, President of PayMaya, and Co-Founder and Board Member of Maya Bank.
Maya is available to download for early access users starting today.
Paymaya should have informed the retail outlets more about this change, today I had a couple of delays paying via generated QR code since the Paymaya icon and name changed to Maya only and the cashiers weren’t sure about what happened.