NEW FINTECH PLATFORM PROVIDES FLEXIBLE CREDIT OPTIONS FOR THE UNBANKED
TALA, a fintech unit of Global Majority, partnered with Maya Bank, the Philippines’ digital leader, at Money 20/20 Asia to expand nancial inclusion for millions of Filipinos.
The partnership, a first-of-itskind initiative in the Philippines and Southeast Asia, aims to channel a substantial P2.75 billion through independent digital platforms, providing credit access to a vast unbanked population.
“We’re thrilled to partner with Maya Bank in this endeavor, knowing that their mission and values are wellaligned with Tala’s. We consider this a milestone in our commitment to become an accessible, reliable and trusted partner to our customers, one that helps them build nancial resilience, stability, and ultimately, wealth,” said Tala president and head of nance, strategy & analytics Charisse Alvarez.
Since 2017, Tala disbursed over P85.32 billion to 2.7 million customers, becoming a major Philippine digital lender. Serving nearly 9 million customers across three continents, Tala unlocks economic power through credit access for the underbanked.
Maya Bank, a Philippine digital banking pioneer, is transforming financial services for Filipino consumers and small businesses (MSMEs) through innovative o erings like savings and deposits.
“This partnership is set to significantly expand the availability of financial solutions for Filipinos, leveraging the latest digital and mobile technologies. Our joint effort is a significant step towards closing the financial access gap, ensuring we meet the everyday financial needs of our customers in this digital age,” Maya Bank president Angelo Madrid.
With 52 percent of the world lacking access to nancial services, Tala seeks partnerships with likeminded banks in Southeast Asia to bridge this gap. Together, Maya Bank and Tala aim to transform how Filipinos manage their nances and empower the underbanked globally.