But while GCash wins in name recall, Pangilinan and PLDT executives highlight that Maya excels in the backend
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MANILA, Philippines – When tycoon Manny Pangilinan was once relaxing somewhere in Calatagan, Batangas, he was approached by ice cream vendors, offering him their treats to help him cool off from the summer heat.Pangilinan shared this story to reporters just after the conclusion of PLDT’s annual stockholders’ meeting on Tuesday, June 11.
Maya Business and PLDT Enterprise provide businesses cashless and digital solutions for businesses, be it online or on-site. The companies also give businesses the ability to release payroll payments and distribute funds to employees or other business partners.As of end-2023, Maya was the number one fintech ecosystem in the country, boasting 3.4 million depositors and 1 million borrowers. It had disbursed a total of P34 billion in loans as of March 2024.
Pangilinan stressed that Maya would have to demonstrate that it can be profitable starting 2025 and be consistently profitable for “at least another year.”
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