MANILA - PLDT-backed fintech Maya is expected to finally break even in the last quarter of the year, after years of losses due to huge investments in the platform.

Maya Founder & CEO Orlando Vea said Maya continues to grow with its digital bank, Maya Bank, having hit 3.4 million depositors. The bank also reached P27 billion in deposits, and cumulative loans disbursed hit P25 billion.

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“You’ll see bigger numbers this year and next year. We just need to, I think, keep moving, keep bringing in the many Filipinos who are not yet benefitted by technology in banking and finance,” Vea said.

Aside from the bank, Maya also offers other services like lending, time deposits, bonds, and investments in stocks and crypto.

PLDT President and CEO Manny Pangilinan is happy with the growth of Maya which is under the PLDT group. He said Maya already had positive growth in the first two months of the year and he hopes that will continue for the rest of 2024.

“The board is obviously closely watching the progress of Maya. There are good signs they’re trending towards that goal, but of course, we have 8 months to go and so forth, but it’s moving in the right direction,” Pangilinan said.

Maya's main rival GCash reported P2.4 billion last year, which accounted for 7 percent of the Globe Group's net income this year.

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