Maya Partners with Lydian for Crypto Merchant Payments
Maya partnered with Lydian to enable Philippine merchants to accept stablecoins and digital assets with same-day peso settlement. The partnership targets friction points that limited merchant adoption, including volatility and custody requirements.
Key Takeaway
BSP-licensed Maya eliminates merchant crypto volatility risk by converting stablecoin payments to pesos same-day.
BSP-licensed Maya Philippines will let businesses accept crypto payments through its merchant platform, converting stablecoins and digital assets into Philippine pesos on the same day.
The partnership with payments infrastructure provider Lydian addresses volatility, custody requirements and regulatory complexity by settling transactions in fiat. Consumers can pay using QR codes, payment links, online checkout or a dedicated "Pay with Crypto" option.
Maya will provide the regulated infrastructure layer, leveraging its nationwide merchant network and technology platform while handling wallet screening, Travel Rule compliance and BSP-aligned reporting requirements.
The Philippines ranked 9th globally in cryptocurrency activity according to the Chainalysis 2025 Global Crypto Adoption Index. Virtual asset awareness among Filipinos jumped from 6% in 2021 to 20% in 2025, growth attributed to improving financial literacy and digital payments adoption.
Maya Philippines is registered with the central bank as an electronic money issuer, remittance and transfer company, operator of payment system and virtual asset services provider. Its parent company Maya Innovations Holdings also operates Maya Bank, one of six BSP-licensed digital banks in the Philippines. Asia-Pacific crypto transaction volume reached ₱143.69 trillion ($2.36 trillion) in 2025, up from ₱85.24 trillion ($1.4 trillion) the previous year.
🇵🇭 Filipino Impact
Filipino merchants on Maya's platform can now accept crypto without exposure to price swings—stablecoins convert to pesos the same day. Maya's BSP registration as a virtual asset services provider means wallet screening and Travel Rule compliance are built into the system.
This article was written based on reporting from Bworldonline.
