Launch of Visa Cross-border Account Funding Transaction (AFT) in Maya to enable payments flexibility and convenience for tourists, expatriates, overseas Filipino workers, and freelancers
Visa, a world leader
in digital payments, and Maya, the Philippines’ leading digital bank and
fintech ecosystem, are collaborating to enable cross-border account funding
transactions (AFT) in the Maya app. This innovative partnership allows Maya
users to seamlessly pull funds from foreign-issued Visa cards and load them
directly into their Maya accounts, expanding payments flexibility.
With this new
feature, Maya users can easily access and transfer funds from Visa cards issued
overseas, offering a streamlined solution for expatriates, overseas Filipino
workers (OFWs), and global travelers who need to manage their finances across
borders. Upon cashing in from their foreign-issued Visa cards, Maya users can
now spend, save, and even invest their money in the Philippines through the
Maya app.
“Our longstanding
partnership with Maya continues to grow from strength to strength, and with
this latest collaboration, we help make digital payments even more flexible. By
enabling funding transactions from foreign-issued Visa cards, we provide Maya
users with the power and convenience to manage their finances effortlessly,
while ensuring seamless and secure transactions. This connects them to
countless possibilities through their Maya accounts,” said Jeffrey Navarro, Visa Country Manager for the Philippines.
Maya, through its
robust fintech ecosystem, continues to drive digital payments growth in the
country. Visa has previously recognized Maya for processing the highest
e-commerce and contactless payments volumes in the Philippines from 2021 to
2024, as well as for being the top acquirer for merchant transaction volume.
This collaboration further underscores their commitment to advance payments
innovation while improving user experience.
“With this new feature, we’re making it
easier for Filipinos and OFWs to move money from their Visa cards abroad straight into
their Maya wallets. Maya has redefined how we spend, save, and invest—and we’re
pleased to bring the same ease and flexibility to cross-border payments,”
said Khurram Malik, Group Chief Commercial Officer of Maya.
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