Digital banks have dramatically reshaped the business banking landscape in the Philippines over the past few years. Doing banking tasks for your startup or SME no longer requires waiting in long lines, manual paperwork, and rigid processes. You can now do all your small business banking online from any mobile device—on your schedule, not the bank’s. This shift has opened up a world of opportunities for entrepreneurs seeking more efficient and modern ways to manage their finances. At the forefront of this movement is Maya Business, whose banking solutions like Maya Business Deposit allow business owners to enjoy high-interest earnings, zero maintaining balance, and seamless fund transfers, all within a fully digital environment.
Still, adopting a digital bank isn’t just about features; it’s also about fit. What use are cutting-edge tools in the hands of someone who can’t, or won’t, use them effectively? And working with a digital banking partner is going to feel like second nature to some business owners, while others might need more of a shift in mindset. Your daily habits, leadership style, and approach to managing money all play a part in how much value you can extract from your SME business banking partner.
With that in mind, this feature takes a closer look at the types of entrepreneurs most likely to thrive in a partnership with a digital bank. If any of these sound like you, there’s a good chance you’re already on the right track.
Driven by Innovation
You’re the type who’s always on the lookout for better systems—more seamless ways to run your operations, serve your customers, or streamline financial tasks. Traditional banking often feels like a bottleneck to progress, slowing you down with clunky processes and outdated interfaces. Digital banking, in contrast, fits naturally into your rhythm. It lets you automate transactions, integrate payment solutions, and manage your finances through real-time dashboards, all without breaking stride.
Focused on People and Partnerships
Your business isn’t just a means to earn a living; it’s a platform to serve others and nurture mutually supportive relationships with the people around you. Whether it’s paying team members promptly, collaborating with suppliers, or building trust with loyal customers, your strength lies in how well you communicate and deliver on your promises. A digital bank helps you stay responsive and reliable, with features that support easy, timely payments and round-the-clock access to your funds. When you’re no longer dependent on physical branches, you get more time and freedom to focus on what matters most: the people powering your business.
Planning for Long-Term Growth
You don’t just think about the day-to-day; you’re planning two steps ahead and laying the groundwork for bigger moves. Scaling up might involve expanding, preparing for new markets, or simply building financial resilience; regardless of your desired direction, it’s an endeavor that requires structure. Digital banking gives you the infrastructure to grow with confidence. You can monitor your cash flow closely, earn interest on surplus funds, and manage large-scale transactions without friction.
Hands-On with Financial Oversight
No detail escapes your attention, especially when it comes to money. You prefer to know exactly where your funds are going and how every transaction lines up with your business’s financial goals. A digital bank gives you the transparency and comprehensive oversight you want without the hassle. Instead of waiting for end-of-month statements or reconciling records by hand, you can track balances and review transaction histories in real time. The best platforms will even allow you to generate reports automatically for easy analysis and quicker strategizing.
New to Business, Ready to Learn
Starting a business is a learning experience with no shortage of moving parts. You’re juggling sales, operations, marketing, human resources—and finance often lands on your plate whether or not you have a background in it. That’s where a digital bank can save your sanity. The freedom to open an account online, avoid maintaining balance requirements, and manage transactions on the go removes unnecessary friction. You’ll get to streamline your money handling without adding complexity to your already full plate, so you can focus on building a business that lasts.
Quick to Pivot and Seize Opportunities
You’re not afraid to pivot when the moment calls for it. Whenever there’s an opportunity to launch a side venture, tap into a seasonal market, or capitalize on a sudden spike in demand, you can move fast and decisively. Unfortunately, traditional banking can feel like a roadblock when you're operating at that speed. Only a digital bank allows you to access your account and move your money where you need it to be anytime, even in the middle of a quick business turnaround. It’s flexible without compromise, so you have an easier time chasing down opportunities while staying in control.
Unlock Enterprise-Level Efficiency with Maya Business Solutions
The best financial tools don’t work well for just one kind of entrepreneur; they’re agile and flexible enough to adapt according to your business’s situation and your own management style. Sign up for Maya Business, and our full suite of enterprise-grade financial solutions will be right at your fingertips, ready to work for you.
From your new Maya Business account, you can open a Maya Business Deposit account and use it as your settlement account. With an industry-leading 2.5% per annum interest rate, you’ll earn PHP 25,000 in interest per year on a PHP 1 million deposit. Furthermore, you’ll lose less money to transaction fees and gain more opportunities to save, since you can send money to your partners and suppliers for free via InstaPay and PESONet.
Signing up also qualifies you for a no-collateral Maya Flexi Loan offer of up to PHP 2 million in just 3 months, which you can use to improve your operations or grow your company as you see fit. Just use Maya as your primary processor for all wallet and card payments. The more you use our solutions, the better the loan offer will be.
Open an account with us at Maya Business and experience the benefits of top-of-the-line financial technology today.
