PayMaya gets BSP approval for digital bank

Voyager Innovations (Voyager), through its financial technology arm PayMaya Philippines (PayMaya), has obtained the approval of the Bangko Sentral ng Pilipinas (BSP) to establish a digital bank.

PayMaya said the digital bank, which will be known as Maya Bank, will focus on the largely unbanked and underserved population of consumers and micro, small, and medium-sized enterprises (MSMEs).

Read more: The Manila Times