Maya and GoTyme controlled 80.3& deposits at end-2025

Digital banks allow customers to pay, save, and move funds without managing a separate financial tool.

More than 80% of deposits in the Philippines’ digital banking sector are now concentrated in just two players, giving the market a clear early hierarchy as competition heats up.

At the end of 2025, Maya Bank held ₱67.7 billion in deposits, while GoTyme Bank had ₱43.5 billion. Together, that comes to ₱111.2 billion, or 80.3% of the nearly ₱139 billion held across the country’s six digital banks, according to Fintech News Philippines’ 2026 Philippines Fintech Report.

Put another way, for every ₱100 deposited in a Philippine digital bank, nearly ₱49 sat with Maya and ₱31 with GoTyme. The other four banks were left to compete for the remaining ₱20.

Deposits sit at the centre of a bank’s relationship with its customers. A large deposit base gives banks more room to offer loans, payments, insurance and other services to people already keeping money on the platform.

The two leaders have taken different routes. Maya benefits from an ecosystem many Filipinos already use for payments and financial services. GoTyme has built a physical presence through retail kiosks, making it easier to open an account and get a card while shopping.

Digital banking becomes more useful when it fits the way people already handle money. Customers can pay, save and move funds without treating their bank account as a separate financial tool. 

Small businesses also gain more ways to collect payments, keep track of daily cash and serve customers using digital wallets and banking apps.

The other digital banks are taking more defined routes. OFBank is focused on overseas Filipinos and their families, while UNO is building business-banking services for underserved groups. Tonik is pairing new funding with automation, and UnionDigital is expanding lending and insurance offerings.

Digital banks still hold only a fraction of the country’s ₱22.2 trillion banking deposit base. The next phase will depend on whether they can persuade Filipinos to place more of their main savings online, not merely open another account.

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