Beyond payment acceptance, PayMaya B2B merchants can access full digital banking services through the Maya Business Deposit account, powered by Maya Bank – the digital banking arm of Voyager Innovations and a BSP-supervised institution with deposits insured by the Philippine Deposit Insurance Corporation up to five hundred thousand pesos per depositor.

1.5% Per Annum Interest Rate

The Maya Business Deposit account offers a 1.5 percent annual interest rate, which is approximately four times higher than the typical rates offered by traditional commercial banks for business savings accounts. For businesses holding significant working capital, this difference compounds meaningfully over time.

Seamless Integration with Payment Collections

Funds settled from your PayMaya B2B payment solutions flow directly into your Maya Business Deposit account. There is no additional step to move money between a merchant settlement account and a separate bank account – your collections, balance, and interest all live in one place.

Free PesoNet and InstaPay Transfers

Send money to any bank in the Philippines at no additional cost via PesoNet. For real-time transfers, InstaPay is also supported. This removes the friction of inter-bank transfers for supplier payments, payroll, and owner withdrawals.

How to Convert to a Business Deposit Account

Existing PayMaya B2B clients can convert their merchant settlement account to a Maya Business Deposit account by logging into Maya Business Manager, navigating to the account management section, and selecting the Convert to Business Deposit option. The process is fully digital and takes just a few minutes.

Eligibility

The Maya Business Deposit account is currently available to existing Maya Business clients who have completed the full KYC process and have an active payment solution. New merchants can apply simultaneously with their payment solution activation.