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Author Topic: Who Owns Paymaya App  (Read 331 times)

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Who Owns Paymaya App
« on: November 01, 2023, 12:38:44 PM »
PayMaya is a financial super app in the Philippines that offers various services such as a digital wallet, online remittances, bill payments, and more. PayMaya was formerly owned by Voyager Innovations, Inc., a subsidiary of PLDT, one of the country's largest telecoms.

In April 2022, Voyager Innovations announced that PayMaya would be rebranded as Maya, coinciding with the launch of Maya Bank, a digital bank powered by Maya Philippines, Inc. and Maya Bank, Inc. ³⁵ Voyager Innovations also raised $210 million in new funding from existing shareholders PLDT, KKR and Tencent, and new investors IFC Financial Institutions Growth Fund and others, bringing its valuation to $1.4 billion. ³⁴

So, to answer your question, Maya (formerly PayMaya) is now owned by Maya Group, which is composed of Maya Philippines, Inc., Maya Bank, Inc., and Voyager Innovations, Inc. The major shareholders of Maya Group are PLDT, KKR, Tencent, and IFC.

Source:
(1) Maya (mobile payments) - Wikipedia. https://en.wikipedia.org/wiki/Maya_%28mobile_payments%29.
(2) PayMaya owner Voyager Innovation raises $167M from KKR ... - TechCrunch. https://techcrunch.com/2021/06/27/paymaya-owner-voyager-innovation-raises-167m-from-kkr-tencent-and-ifc-will-launch-digital-bank-in-the-philippines/.
(3) PayMaya owner Voyager Innovations raises $210M at a ... - TechCrunch. https://techcrunch.com/2022/04/11/paymaya-owner-voyager-innovations-raises-210m-at-a-valuation-of-1-4b/.
(4) Maya Bank starts operations, offers products through rebranded app. https://www.bworldonline.com/banking-finance/2022/05/02/445642/maya-bank-starts-operations-offers-products-through-rebranded-app/.
(5) PayMaya, a financial super app in the Philippines, owner sees valuation .... https://www.cbinsights.com/research/paymaya-voyager-innovations-competitors-paymongo-g-xchange/.

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