As technology advances, so do hacking techniques and scams become more increasingly sophisticated. The security measures that worked just three years ago may no longer be enough to cope with the new attacks being innovated by malicious parties today. For that reason, you can’t afford to stay with a bank that doesn’t take security seriously.
These days, technology-assisted attacks are becoming more of a concern, which means your best option for growing your savings is a trusted digital bank like Maya. Maya, the Philippines’ leading digital bank, has leveraged its extensive experience in financial technology to build credible, user-centered protections against fraud and unauthorized transactions.
Not only is Maya safe to use, but it also offers transparent protection that doesn’t slow you down. From biometric access authentication to proactive AI-assisted monitoring, Maya ensures that every single transaction is both convenient and properly safeguarded. Below are just some of the security measures that make Maya the country’s most trusted digital banking solution.
1. Advanced Security Controls in the Maya App
Mobile banking apps are a major point of vulnerability in banking systems. For a secure yet convenient experience, Maya provides multiple in-app security features, including face and fingerprint biometric identification for authentication, one-time passwords (OTP) for transactions, and real-time transaction updates so that you know if your account is being accessed elsewhere. You can also set spending limits and manage card controls directly within the app, limiting unauthorized access.
If a suspicious transaction occurs, you can immediately freeze your accounts with just a few taps through the app. Alternatively, you can reach out to Maya’s 24/7 in-app support.
2. Fully Licensed By the Banko Sentral ng Pilipinas (BSP)
A common question we get is, “Is Maya regulated by BSP?” You’ll be glad to know that the answer is a resounding “yes.” Maya is one of the only six digital banks licensed by the Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank, which oversees national monetary policy. BSP licensing guarantees that Maya meets the same high security and consumer banking standards demanded of the country’s most trusted financial institutions. Being BSP-regulated also means that Maya is regularly audited and monitored, guaranteeing consistent levels of service and security.
3. PDIC-Insured Deposits
Malicious parties are not the only threat to your funds. External market pressures and other unforeseen factors can also impact your financial stability. For that reason, every Maya depositor is insured by the Philippine Deposit Insurance Corporation (PDIC) for up to PHP 1 million. With PDIC coverage, you can rest assured that your savings are protected even during rare market-wide disruptions that may shake the stability of the bank where you keep your money.
4. Proactive Fraud Prevention
To further protect its depositors, Maya uses advanced fraud prevention and cybersecurity tools. Leveraging AI-driven technology, these tools assess and flag suspicious activities in real time, mitigating both known and emerging cyber threats. This enables Maya to proactively block fraudulent transactions before they occur, while ensuring minimal impact on legitimate usage.
5. PCI-DSS Compliance
As a leading payment technology provider, Maya is fully compliant with the Payment Card Industry Data Security Standard (PCI-DSS). The PCI-DSS is the global standard for handling, processing, and storing cardholder data, making Maya a credible card issuer in addition to being a trusted bank. This certification guarantees that all your Maya payment card transactions go through industry-standard encryption, network security, and access control measures. With Maya, you can be sure that all your card payment credentials are well protected.
6. ISO-Certified Security Standards
Lastly, Maya has achieved a major security milestone by becoming the first bank in the Philippines to obtain both ISO 27001 and ISO 27701 certifications. ISO 27001 and ISO 27701 focus on information security management and data privacy, respectively, showing Maya’s commitment to safeguarding your funds and personal information. With this unique set of International certifications, Maya has truly established itself as the Philippines’ leader in secure digital banking.
Gain Valuable Peace of Mind When You Bank With Maya
So, if you’ve been asking "Is it safe to save money in Maya?", the answer is an emphatic yes. As we’ve explored, Maya offers comprehensive security measures that meet and exceed financial industry standards, making it a truly safe banking platform. Once you’re banked at Maya, you’ll enjoy multiple layers of advanced security on your app and in the system’s backend. Best of all, Maya’s security measures are designed to be transparent, with minimal impact on your day-to-day banking experience.
If you’re looking for a secure yet still fast and accessible digital banking experience, try Maya today. Open a Maya Savings account and enjoy up to 15% interest p.a. on your first PHP 100,000 deposit. You can also open a Maya Time Deposit Plus account for safe, long-term savings. Enjoy great banking and peace of mind, only with Maya.
