Tala Establishes a $48.5 Million Loan Channeling Partnership With Maya Bank to Increase Filipinos' Access to Financial Services

Source: PR Web

Tala, a fintech company for the Global Majority, this week announced its partnership with Maya Bank, the digital bank leader in the Philippines, marking a significant milestone towards bridging the financial gap for millions of Filipinos. This collaboration represents a groundbreaking initiative in the country and the broader Southeast Asian market to channel an unprecedented amount of $48.5 million through independent digital platforms to ensure millions more Filipinos have access to credit.

Since entering the market in 2017, Tala has grown exponentially, having disbursed over $1.5 billion to 2.7 million customers and transformed into one of the biggest digital lenders in the Philippines. By serving nearly 9 million customers across three continents, Tala has unlocked the key to economic power for the world's underbanked—credit.