Maya rolls out credit card installment plans via app

MAYA has rolled out an installment feature for its credit cards, allowing eligible posted purchases to be converted into monthly payments within its app.

The feature called Mini Payments allows Maya Black and Landers Cashback Everywhere credit card holders to split eligible posted purchases into three, six, nine, or 12 monthly payments with a fixed 1% monthly interest rate regardless of term, Maya Group said in a statement on Tuesday.

“By spreading out eligible purchases into manageable monthly payments, Mini Payments helps cardholders better align spending with their budgets and cash flow, giving them more flexibility when it matters most,” it said.

The feature can be accessed via the Credit Card transactions page on the Maya app.

Maya can approve installment applications within 24 hours, with the app displaying monthly payments, total interest, and payment schedule before confirmation.

The minimum total converted amounts are at P3,000 for a three-month term, P6,000 for six months, P9,000 for nine months, and P12,000 for a one-year term.

There is no minimum per individual transaction as eligible purchases can be combined as long as the total amount meets the floor required for the chosen plan.

Users can make sample simulations via the Mini Payments calculator to see total charges.

Maya will not charge processing fees for Mini Payments created until Sept. 30.

Maya Group or Maya Innovations Holdings, Pte. Ltd. is the parent holding company of Maya Philippines, Inc. and Maya Bank, Inc.

Maya Philippines is registered with the Bangko Sentral ng Pilipinas (BSP) as an electronic money issuer, remittance and transfer company, operator of payment system, and virtual asset services provider. Meanwhile, Maya Bank is one of the six BSP-licensed digital banks in the country.

PLDT Inc. earlier said that Maya Group contributed P285 million to its core earnings in the first quarter of 2026.

At end-March, Maya’s deposit balance reached P76 billion, up 73% year on year, while its loan book stood at P33 billion. Its gross nonperforming loan ratio stood at 4.9%, while its loan-to-deposit ratio was at 44%, and net interest margin was at 17.1%.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., holds a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — Aaron Michael C. Sy