Maya mulls dual listing

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February 27, 2026 | 12:00am

MANILA, Philippines —  Fintech player Maya is planning to go public through a dual listing that will start overseas in the second half of the year.

“Second half of the year is our target,” PLDT Inc. chairman, president and CEO Manuel V. Pangilinan told reporters.

The telco owns a partial stake in Maya.

Pangilinan said the fintech plans a dual listing, beginning in the United States. “It’s (overseas) what our foreign shareholders want,” he said.

This will be followed by an initial public offering (IPO) in the Philippines.

“I think there will be a primary tranche — new money coming into Maya — followed likely by a secondary sale,” he said.

PLDT and First Pacific have a combined stake of around 39 percent in Maya.

Earlier, a Bloomberg report said Maya is weighing a US IPO that could raise $500 million to $1 billion.

Initially launched as an e-wallet, Maya has expanded into a full-service digital bank.

It now offers savings accounts, consumer and enterprise loans, payments, merchant services and cryptocurrency trading.

Maya became profitable for the first time in December 2024.

From January to September last year, Maya booked P1.6 billion in profit, a turnaround from the same period in 2024.