Maya, a financial technology company, and Lydian, a digital asset infrastructure provider, announced a collaboration to enable digital asset payments such as in crypto for Philippine merchants.
In a joint statement, the initiative between the two companies will integrate a “Pay with Crypto” feature into existing consumer payment methods. These include QR codes, payment links, and online checkouts. The release of the option will focus on stablecoin-based transactions.
Settlement in Pesos for Merchants
Through the digital infrastructure of Lydian, businesses using Maya Business can accept digital asset payments from consumers. To reassure consumers regarding market fluctuations, the system provides merchants with same-day settlements directly in Philippine pesos, removing their exposure to the price volatility of cryptocurrency.
Lydian, which is backed by Tether (the issuer of USDT, the world’s largest stablecoin), and Cantor Fitzgerald, a Wall Street financial services firm, is the provider of the underlying digital asset payment infrastructure that lets merchants and payment providers accept stablecoins and other digital assets at the point of sale.
Regulatory and Compliance
Maya will ensure that the regulated infrastructure needed in the partnership is provided for. Maya will use its existing nationwide merchant network and built platform to facilitate transactions.
Additionally, the company will manage the compliance requirements for the collaboration. This includes conducting wallet screening, enforcing compliance to the Travel Rule, and handling reporting requirements related to regulations by the Bangko Sentral ng Pilipinas (BSP).
Local Market Integration
The upcoming integration by Maya and Lydian follows similar crypto payment functionalities already available in the local market. Digital asset platforms and exchanges including Coins.ph, Bitget, and Bybit currently offer options that allow customers to use their crypto balances for everyday payments and purchases.
The collaboration of Maya and Lydian aims to enable digital asset payments for Philippines merchants, integrating a “Pay with Crypto” option into existing consumer payment methods. This partnership will focus on stablecoin-based transactions, providing merchants with same-day settlements directly in the local currency to minimize exposure to the volatility of cryptocurrency prices. Maya will manage compliance requirements, including wallet screening and Travel Rule compliance, making sure that local regulations are followed. The initiative is part of a broader trend in the Philippines, where digital asset ownership is high, and stablecoin usage is expanding.
Maya said the collaboration comes at a good time when crypto ownership in the Philippines remains among the highest in Asia and stablecoin usage continues to soar across the region.
Philippines Among Top Countries for Crypto Activity
Based on the 2025 Global Crypto Adoption Index of Chainalysis, the Philippines ranked ninth in the world in terms of cryptocurrency activity in the previous year.
Chainalysis said that the fastest-growing region for on-chain crypto activity was the Asia-Pacific, with total crypto transaction volume growing to $2.36 trillion from $1.4 trillion, driven mainly by markets like India, Vietnam, and Pakistan.
A Bangko Sentral ng Pilipinas (BSP) survey also showed that awareness of virtual assets and cryptocurrencies increased from 6% in 2021 to 20% in 2025. As the financial literacy of Filipinos improves, the growth of digital payments will continue to expand.
Maya Innovations Holdings, Pte. Ltd., formerly Voyager Innovations Holdings, Pte. Ltd., is the parent holding company of Maya Philippines, Inc. and Maya Bank, Inc.
Maya Philippines is registered with the BSP as an electronic money issuer (EMI), remittance and transfer company, operator of payment system, and virtual asset services provider (VASP).
Meanwhile, Maya Bank is one of the six BSP-licensed digital banks in the country.
DOPAY E-Wallet and Crypto Wallet
Compared to its precursors, DOPAY is relatively new. DOPAY, through its parent company WIBS PHP INC., is regulated by the Bangko Sentral ng Pilipinas (BSP) and has licenses as an Electronic Money Issuer (EMI) and as a Virtual Asset Service Provider (VASP).
Powered by blockchain technology, DOPAY provides payment, remittance, and financial accessibility through electronic money issuance and cryptocurrency exchange.
DOPAY is an easy-to-use and convenient app that safeguards your information and your money through the policies and procedures required by the BSP.
Through DOPAY, freelancers, BPO owners, and SMEs can hold, receive, and transfer funds and payments in global currencies through DOPAY’s large wallet sizes. App users such a digital content creator can receive payment of influencer services without exchange rate fees by utilizing the global account features of the DOPAY app.
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