Maya scaling up operations ahead of potential IPO foray

February 19, 2026 | 12:00am

MANILA, Philippines — Digital financial services platform Maya remains focused on expanding its ecosystem, declining to confirm reports that it is considering an initial public offering (IPO) in the United States.

 “We do not comment on market speculation. Our focus remains on continuing to scale Maya’s digital financial services ecosystem for consumers and businesses in the Philippines,” the company said.

 “We also continue to benefit from strong shareholder support and remain well capitalized to execute our growth plans,” it added.

 The statement came after a Bloomberg report said Maya is weighing a US IPO that could raise $500 million to $1 billion.

Citing people familiar with the matter, the report said the company is working with advisers and that deliberations are ongoing, with details such as timing and size still subject to change.

Maya is the financial technology arm of telecommunications giant PLDT Inc. and operates one of the country’s licensed digital banks under the supervision of the Bangko Sentral ng Pilipinas.

 Originally launched as an e-wallet platform, Maya has since expanded into a full-service digital bank offering savings accounts, consumer and enterprise loans, payments, merchant services and cryptocurrency trading.

The company has positioned itself as an integrated digital financial ecosystem targeting both retail users and small businesses.

A potential overseas listing would mark one of the largest capital-raising efforts by a Philippine fintech firm, at a time when global equity markets are gradually reopening to technology offerings after a prolonged slowdown.

A US venue could provide access to deeper capital pools and a broader institutional investor base compared with the local bourse. 

For now, Maya said it remains well capitalized and backed by strong shareholders as it continues to scale its operations in the Philippines, without directly addressing the reported IPO plans.

In the third quarter of 2025, the fintech delivered its third consecutive profitable quarter, booking P532 million in net income. Deposit balances reached P57 billion, up 59 percent year on year, while total loan disbursements since the launch of Maya Bank climbed to P187 billion.

 Its customer base likewise continued to expand, with nine million bank users and 2.4 million borrowers.         

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