AMD Ryzen Windows 11

PayMaya Is Now Maya, Launches More Banking Features

PayMaya has announced that its changing its name to just Maya and launched its new all-in-one app that includes a suite of additional features that allow users to spend, save, grow, invest, and more.

The new Maya app is now available for download through the Google Play Store or the Apple App Store while those who already have the PayMaya app will only need to download the latest update to transition it into the new app.

“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.   

Building on the classic Maya Wallet feature, some of the new features that have been added with the new Maya app include Maya Savings, Maya Credit, and Maya Crypto. Here are a few details on the app’s new features:

  • 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!

Some of the other features that Maya has announced will be coming to the app in the feature include switching light and dark modes, personalized usernames, and even goal-based savings programs.

“We are combining the power of an innovative wallet and a secure, progressive digital banking experience powered by BSP-licensed Maya Bank to transform how Filipinos experience money. This unparalleled digital app experience is supported by Maya Business, the country’s leading payment processor for enterprises, and the widest on-ground network of Maya Center agents,” he added.  

Maya Early Access Challenge

To celebrate the launch of the new Maya app, the company also launched its Maya Early Access Challenge, which will give users a chance to be the first-ever Maya bitcoin millionaire. Here are the details of the challenge:

Maya invites you to co-create the best all-in-one money app by joining the Maya Early Access Challenge.

Apart from being the first to experience Savings, Crypto, Credit, and more – you can also have the chance to become the first-ever Maya bitcoin millionaire! All you have to do is take the challenge!

Interested in joining? Here’s a quick guide:

  1. Just download Maya, and register.
  2. On the app’s home page, tap the ‘More’ button and choose Missions. You’ll be able to join the Maya Early Access Challenge from there.
  3. Cash in at least P100 and upgrade your account to unlock Maya Savings with its 6% interest rate.

Opening your Savings account via Maya will earn you points for the challenge. You earn more points whenever you complete more Early Access Challenge missions, including sharing your feedback on the Maya app, referring your friends to Maya using your code, and using more Maya features, including Pay Bills, Buy Load, and more.

You will be assigned a Maya level, depending on your score:

  • Maya Master for the top 5% of users with the highest score
  • Maya Enthusiast for the next 10% of users with the highest score
  • Maya Explorer for the next 15% of users with the highest score

The higher your score is, the more chances you have of winning this and other exciting prizes!

Maya Explorer-level customers will get a chance to win P300,000 worth of Bitcoin. Maya Enthusiasts can take home P600,000 worth of Bitcoin. And Maya Masters have the chance to take home another P1,000,000 worth of Bitcoin!

On top of this, all participants with a Maya Savings account will get a chance to win P1,000,000 worth of Bitcoin.

To know your point score, you will receive an SMS with a tally of your score, and you can also check the leaderboard on the Maya homepage.

More information on Maya can be found on its new official website at maya.ph.