BIZ BUZZ: Need to borrow cash instantly? Maya and Grab got your back!

The digital bank and the super app announced a new partnership that will allow eligible Grab users to access up to P30,000 instantly through Maya Easy Credit without any collateral, or paperwork.

Accessing this credit line is easy: complete a form on the Grab app; download the Maya app and sign up; apply for Maya Easy Credit within the Maya app and wait for the funds.

At the same time, qualified Grab customers can now use Maya Easy Credit to top up their Maya Wallet and pay for Grab rides or food deliveries, giving them more budget flexibility within the Grab app.

Since beginning its lending operations in 2022, Maya had disbursed P47 billion in loans to approximately 1.2 million borrowers by end-June 2024.

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And as the entry of new players is seen spicing up competition within the local digital banking scene, the tie-up with Grab should help Maya build a profitable loan portfolio.