Philippines
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Maya
Philippine digital bank and wallet that outgrew the e-money label.
Legal entity: Two entities. Maya Philippines, Inc. — BSP-licensed EMI / remittance / operator of payment systems; the Maya Account is an e-wallet and is not PDIC (Maya.ph terms). Maya Bank, Inc. — BSP digital bank; deposits insured by PDIC up to ₱1,000,000 per depositor (Maya Bank site).
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7.2Solid
AlternativesFive questions
At a glance
Is it a bank?
No. Maya is not a bank. Your money sits with Maya Bank, Inc..
If it fails?
Maya Account (Maya Philippines, Inc.): not PDIC — ‘not a depository account’ (Maya.ph terms). Maya Bank, Inc. deposits: PDIC up to ₱1,000,000 per depositor (Maya Bank).
Salary?
Maya Bank savings can take bank credits where Maya Bank offers them. The Maya.ph e-wallet is not a PDIC deposit account — Maya’s own terms say it is not a depository account.
Open from abroad?
Philippine KYC. Wallet vs bank are different onboarding files.
Monthly fee
Free wallet · bank products vary
Account number
No IBAN-class local rail on this file.
NeoBankDB Verdict
Licence first · score second
7.2
/10 · Solid
Label Maya Bank deposits as PDIC-eligible products and the wallet as EMI. That sentence is the review.
What it is
Maya (PayMaya) holds a BSP digital-bank licence alongside an e-money heritage. GCash remains the wallet competitor. PDIC is for the bank, not every peso in the app.
Best for: Philippine residents who want bank + wallet in one super-app.
Last checked 2026-08-01. Not advice.
What it does well
- +Digital bank licence
- +Scale vs GCash on the bank side
- +Everyday rails
What to watch
- −Wallet vs bank confusion inside one app
- −Not for non-residents
Legal entity, not the app icon
Who is behind it
- Legal name
- Two entities. Maya Philippines, Inc. — BSP-licensed EMI / remittance / operator of payment systems; the Maya Account is an e-wallet and is not PDIC (Maya.ph terms). Maya Bank, Inc. — BSP digital bank; deposits insured by PDIC up to ₱1,000,000 per depositor (Maya Bank site).
Who holds the money
The account
- Partner bank
- Maya Bank, Inc. / Maya Philippines, Inc. — product-dependent
- Remote open
- Philippine KYC. Wallet vs bank are different onboarding files.
- Onboarding
- Philippine KYC. Upgrading wallet → Maya Bank savings is a separate step.
- KYC documents
- Philippine identity documents as BSP AML requires.
- Minimum age
- Follow Maya/Maya Bank live terms (do not assume 18 across both products).
- Salary / payroll
- Maya Bank savings can take bank credits where Maya Bank offers them. The Maya.ph e-wallet is not a PDIC deposit account — Maya’s own terms say it is not a depository account.
- Local rails
- Philippine Instapay/PESONet on bank products; wallet rails on the EMI.
How money actually moves
- Who holds the cash
- EMI safeguarded funds
- How money moves
- Crypto on-ramp
- Built for
- Personal
- Settlement
- App-ledger instant; bank rails per corridor
- Freeze risk
- Compliance holds on fiat ramps are common
- Card
- Maya lists a physical card and a virtual card on visa, plus Google Pay. Confirm the live product in the app — a card is not a current account.
Licence first
Safety
Maya Account (Maya Philippines, Inc.): not PDIC — ‘not a depository account’ (Maya.ph terms). Maya Bank, Inc. deposits: PDIC up to ₱1,000,000 per depositor (Maya Bank).
Who holds the money: Maya Bank, Inc.
- Bangko Sentral ng PilipinasDigital bank + EMI heritage · Philippines
Fees
- Monthly
- Free wallet · bank products vary
- FX markup
- On overseas card spend
- ATM
- Cash-in / cash-out fees via partners
- Interest
- Maya Bank savings promotions
Features
- –IBAN
- ✓Fee-free core
- –Multi-currency
- –Apple Pay
- ✓Google Pay
- ✓Virtual card
- ✓Physical card
- –Metal card
- ✓Crypto
- –Stocks
- –Business
- –Kids
- –Halal
- Wallet and digital bank
- Bills, QR, send
- Credit and savings
- Crypto adjacency (product-dependent)
Before you tap Sign up
How to open
Step 1
Pick wallet or bank
Maya Philippines, Inc. is the EMI wallet. Maya Bank, Inc. is the digital bank. They are not the same licence.
Step 2
Philippine KYC
BSP AML. Upgrading to Maya Savings is not automatic PDIC on the wallet.
Step 3
Read PDIC on the right entity
Only Maya Bank deposits carry PDIC ₱1,000,000. The wallet terms say it is not a depository account.
Official help: www.mayabank.ph/about-maya-bank/
Operator documents
Their own papers
These are the operator’s documents. They outrank this review if they disagree.
Score
- Safety25%
- 7.4
- Fees20%
- 8.2
- Features15%
- 8.2
- App15%
- 8.2
- Global15%
- 3.6
- Support10%
- 6.6
Change log
Full logNo dated notes yet. When the licence, fees, or status moves, it lands here.
Available in
Straight answers
FAQ
01Is Maya a bank?
No. Maya is filed as Digital bank + EMI heritage. The money sits with Maya Bank, Inc..
02What happens to money in Maya if it fails?
PDIC on digital-bank deposit products; wallet balances follow EMI rules
03What does Maya charge each month?
The monthly fee on this file is Free wallet · bank products vary. Fees change — open the operator's pricing page if it is linked.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
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