MANILA — Maya, the fintech arm of PLDT Inc., emphasized its push to grow digital banking services for consumers and businesses across the Philippines. The company brushed off speculation about a US listing that could raise between $500 million and $1 billion.

“We do not comment on market speculation,” Maya stated. “Our focus remains on continuing to scale Maya’s digital financial services ecosystem for consumers and businesses in the Philippines.”

The firm also highlighted strong backing from shareholders. “We continue to benefit from strong shareholder support and remain well capitalized to execute our growth plans,” it said.

The comments followed a report citing sources familiar with the matter. Those sources indicated Maya has engaged advisers for a possible US IPO. Discussions continue, though timing and deal size remain fluid.

Regulated by the Bangko Sentral ng Pilipinas, Maya runs one of the nation’s licensed digital banks. It started as an e-wallet but now provides savings accounts, loans for individuals and companies, payments, merchant tools, and cryptocurrency trading.

The platform aims to serve as a one-stop digital finance hub. Retail customers number nine million bank users, with 2.4 million borrowers. Deposit balances hit P57 billion in the third quarter of 2025, a 59 percent jump from the prior year. Total loans disbursed since Maya Bank’s launch reached P187 billion.

That quarter marked Maya’s third straight profitable period. Net income came in at P532 million.

A US IPO would stand out as one of the biggest fundraises by a Philippine fintech. Global stock markets have warmed to tech listings after a long freeze. American exchanges offer deeper liquidity and more institutional investors than the Philippine Stock Exchange.

Maya, however, stayed silent on the overseas plans. Executives pointed instead to domestic momentum and ample funding. The company operates under PLDT’s umbrella, the country’s largest telecom provider.

Expansion efforts target small businesses alongside everyday users. Loans, deposits, and payment volumes keep climbing. Maya positions itself against rivals in a crowded digital finance space.

Philippine fintechs have eyed global capital before. Yet few have pulled off big foreign listings. Maya’s scale—millions of users, billions in deposits—sets it apart.

Advisers would handle regulatory hurdles and investor outreach for any US debut. Details could shift based on market conditions. Equity markets have rebounded, drawing tech firms back after 2022’s slump.

For now, Maya doubles down locally. Profitability persists. Growth metrics impress. Shareholder funds fuel the next phase.