The #1 digital bank and the Southeast Asia’s superapp have signed an agreement – making it easy for users to seamlessly link their Maya accounts to Grab using just their mobile number.
Paying for Grab rides and food orders just became both simpler and more rewarding, thanks to a new collaboration between Maya, the Philippines’ #1 digital bank and digital payments processor; and Grab, Southeast Asia’s leading super app.
Users can now seamlessly link their Maya accounts to Grab using just their mobile number – making transactions across Grab’s portfolio of safe and reliable services even more seamless. This direct linking is not only convenient but also eliminates the burden of interbank transfer fees, providing more savings for users.
As the first-of-its-kind initiative with a digital bank, Maya goes beyond simplified payment processing. Leveraging Maya’s all-in-one digital banking, each Grab transaction can boost the user’s Maya Savings interest rate, reaching up to 14% p.a., credited daily. Additionally, as part of a holiday promo, users can get up to PHP5,000 cashback until December 2023 for payments made via Maya on Grab.
“Grab is fully committed to championing the widespread adoption of cashless transactions in the Philippines. As we stride forward towards a cash-light society, we’re not just transforming the financial landscape, but also making it more accessible, scalable, and secured. It brings us immense joy to collaborate with Maya in driving the cashless revolution in the Philippines. With Maya joining our suite of cashless payment options, we are enabling more users to enjoy an end-to-end consumer experience tailored to the digital-first post-pandemic environment,” shares Grab Financial Group Philippines Country Head Martha Borja.
Maya Group President and Co-Founder of Maya Bank, Shailesh Baidwan, remarked, “Our alliance with Grab allows us to extend our comprehensive financial services to more Filipinos. We are committed to providing exceptional value through our offerings, and this collaboration is a testament to our vision for a progressive financial ecosystem through all-in-one digital banking.”
Maya Group President and Maya Bank Co-Founder Shailesh Baidwan (Left) signed the partnership together with Martha Borja, Country Head, Grab Financial Group Philippines.
Maya and Grab share the vision to empower Filipinos by fostering a digital-first economy. The latest collaboration represents a significant leap in the digital banking space, setting a benchmark for innovation and customer-centric financial solutions in the Philippines.
Maya users have already been enjoying the ease of connecting their Maya cards to the Grab app. Moreover, transfers between Maya and Grab wallets are guaranteed to be highly secured.
Grab’s ecosystem of safe, reliable, convenient, and cost-effective services has transformed the mobility, deliveries, and finance landscape across Southeast Asia. Grab continues to develop new tech and service solutions in aid of its commitment to driving SEA forward.
Maya is the #1 fintech ecosystem in the Philippines, powered by the #1 merchant acquiring and payments processing business, the #1 rated consumer finance app, and the #1 digital bank. Maya is powered by the country’s only end-to-end digital payments company, Maya Philippines, and Maya Bank for digital banking services.