FinVolution's Strategic Partnership with Maya Bank in the Philippines
June 25, 2024, 9:36 pm
A groundbreaking collaboration between FinVolution Group and Maya Bank is set to revolutionize credit accessibility in the Philippines. With a loan facilitation agreement worth 2.75 billion Peso, this partnership aims to empower underserved communities and promote financial inclusion. JuanHand, an online lending platform under FinVolution, will play a key role in providing tech-empowered financial solutions to Filipinos. This strategic move not only expands FinVolution's service offerings but also paves the way for future collaborations that will drive innovation in the fintech industry. The Vice Chairman and CEO of FinVolution Group, Tiezheng Li, expressed confidence in the partnership's ability to create a brighter and more financially secure future for the Philippines. Maya Bank's President, Angelo Madrid, highlighted the importance of leveraging technology to bank more Filipinos and improve financial health. FinVolution Group, a leading fintech platform, has a strong presence in China and international markets, connecting borrowers with financial institutions through innovative technologies. Maya Bank, a digital banking pioneer, is transforming the financial landscape in the Philippines with its end-to-end digital financial services platform. This collaboration marks a significant milestone in promoting economic and digital development in the Philippines, ultimately driving financial empowerment and inclusion.