Driving efforts to enable digital asset payments in the Philippines. Photo shows (from left to right): Chris Manguera, Head of New Business and Customer Lifetime Value at Maya; Mitch Padua, Chief Product Officer at Maya; Shailesh Baidwan, Group President at Maya and Co-Founder of Maya Bank; Carl Grimstad, CEO at Lydian; Nikolas Huth, Head of Growth at Lydian; and Alvin Wong, Head of Business Development for Emerging Business at Maya. Together, Maya and Lydian are working to bridge digital assets with everyday commerce through secure and compliant payment infrastructure.
Maya Philippines and Lydian are teaming up to expand the use of digital assets in mainstream commerce in the Philippines, enabling businesses to accept crypto payments while receiving settlements in Philippine pesos.
Through Lydian’s digital asset payment infrastructure, merchants using Maya Business will soon be able to accept stablecoins and other digital assets through familiar payment methods such as QR codes, payment links, online checkout systems, and a new “Pay with Crypto” option.
The collaboration aims to solve key barriers preventing wider merchant adoption of crypto payments, including price volatility, custody concerns, and regulatory complexity. By using stablecoin-based transactions with peso settlement, businesses can accept digital assets without direct exposure to fluctuating crypto prices.
Maya will provide the regulated infrastructure layer for the initiative, supporting compliance features such as wallet screening, Travel Rule implementation, and Bangko Sentral ng Pilipinas (BSP)-aligned reporting standards.
The move comes as crypto ownership in the Philippines continues to rank among the highest in Asia, while stablecoin adoption gains momentum across the region. The partnership reflects growing efforts to integrate blockchain-powered payments into everyday consumer transactions.
Lydian, backed by Tether and Cantor Fitzgerald, specializes in enabling merchants and payment providers to accept digital assets with same-day local currency settlement and built-in compliance safeguards.
