Maya Bank, Atome partner for P2.75B loan channeling

Maya Bank Inc., one of the six digital banks licensed by the Bangko Sentral ng Pilipinas (BSP), has entered a P2.75-billion loan channeling partnership with Southeast Asian digital finance platform Atome to expand access to credit for Filipinos.

“This collaboration leverages digital technology to bring fast, secure, and responsible financing into the hands of underserved customers, helping them build financial confidence and long-term resilience,” Maya Bank president Angelo Madrid said in an emailed statement.

Based on its website, Maya Bank provides up to P250,000 through its personal loans to Filipino residents aged 21 to 65 years with upgraded accounts. This can be paid with up to 24 monthly installments, with a 0.77% monthly add-on rate.

“Together, we are expanding access to responsible, risk-managed, and transparent flexible payment options that make more products and services truly ‘Available-To-Me’ for millions of Filipinos,” Atome Philippines president and country general manager Christian Quiros said. —VAL, GMA Integrated News