
Philippine digital banking leader Maya Bank and Wefund Lending Corporation have established a PHP2.75bn (USD47.265m) loan channeling deal to expand financial services for underserved communities. This partnership provides immediate capital access to creditworthy Filipinos, promoting financial empowerment and responsible borrowing. Maya Bank aims to transform the economic landscape for Filipino consumers and MSMEs by increasing credit accessibility. Angelo Madrid, President of Maya Bank, emphasised the collaboration’s impact on expanding financial options and promoting better financial health. WeFund’s JuanHand platform, which has disbursed over PHP21bn in loans to over 7 million users, offers quick loan approvals and disbursements.