Maya operates under a digital banking license from the Bangko Sentral ng Pilipinas. The company said QR Ph and e-wallets combined represented 76% of total payment volume and 9 in 10 transactions on its platform, pointing to continued growth in mobile-first digital payments among Philippine businesses. PayMongo said the figures reflect broader momentum in digital commerce in the Philippines, as more businesses adopt digital payment channels across online and physical retail. The central bank also emphasized that digital payment fees are expected to be lower than charges for manual or over-the-counter transactions because electronic channels are generally more efficient and cost-effective to operate. The digital bank will continue to offer free Maya-to-Maya transfers as well as free PESONet transfers to other banks. RCBC has announced free InstaPay transfers for its digital banking apps starting July 4, 2026. Read more in our articles including "Maya reportedly exploring up to $1B US IPO" and "QR Ph now leads digital payments in the Philippines".
Maya is reportedly considering a U.S. initial public offering that could raise up to $1…
Feb 17, 2026
QR Ph accounted for 55% of total payment volume processed by PayMongo merchants in the…
Jul 2, 2026
The Bangko Sentral ng Pilipinas (BSP) has introduced new rules aimed at making electronic payment…
Jun 19, 2026
Maya has announced that it is lowering its InstaPay transfer fee to other banks from…
Jul 4, 2026
RCBC has announced free InstaPay transfers for its digital banking apps starting July 4, 2026.…
Jul 3, 2026
PalawanPay has added Google Wallet support for its Visa Card, allowing eligible Android users to…
Jun 30, 2026Maya operates under a digital banking license from the Bangko Sentral ng Pilipinas. The company said QR Ph and e-wallets combined represented 76% of total payment volume and 9 in 10 transactions on its platform, pointing to continued growth in mobile-first digital payments among Philippine businesses.
PayMongo said the figures reflect broader momentum in digital commerce in the Philippines, as more businesses adopt digital payment channels across online and physical retail. The central bank also emphasized that digital payment fees are expected to be lower than charges for manual or over-the-counter transactions because electronic channels are generally more efficient and cost-effective to operate. The digital bank will continue to offer free Maya-to-Maya transfers as well as free PESONet transfers to other banks.
Our coverage of Philippine digital bank includes: "Maya reportedly exploring up to $1B US IPO"; "QR Ph now leads digital payments in the Philippines"; "Banks, e-wallets face new BSP rules on digital payment fees". Each article provides unique insights and information.