A Manny Pangilinan-linked fintech that runs the country’s biggest digital bank has cut the price of entry into crypto to ₱1, and it is
Key Takeaways
- Maya now lets users buy supported cryptocurrencies inside its app for as little as ₱1, and runs a raffle from October 22 to December 17, 2026.
- The prize pool totals ₱1.36 million across 91 winners, topped by a ₱1 million grand prize drawn on December 21.
- Maya Bank says it ended 2025 with 10.7 million customers and about ₱68 billion in deposits, according to company figures reported by Insider PH.
- The promo rewards trading volume: each whole peso bought or sold earns one entry, so buys and sells both count.
Maya Philippines, the e-wallet and crypto arm of the Maya group, is running a nationwide promo built around a ₱1 minimum crypto purchase.
Users must opt in through the Maya Crypto tile before trading. After that, every whole peso of eligible crypto they buy or sell becomes one raffle ticket, and a ₱100 trade earns 100 entries.
The official promo page lists 80 weekly prizes of ₱1,000, eight weekly prizes of ₱10,000, two monthly prizes of ₱100,000, and one ₱1 million grand prize. Winners will be announced by December 29.
Only upgraded Maya accounts with a Maya Crypto account qualify. Employees of Maya, Voyager Innovations, and MVP Group companies, plus their relatives, cannot join.
Related:
Why the Maya Crypto Raffle Matters in a Top-10 Crypto Country
The timing makes sense. The Philippines placed ninth in the Chainalysis 2025 Global Crypto Adoption Index, which covers 151 countries, down from a peak of second in 2022. A separate 2025 index from blockchain analytics firm TRM Labs put the country fourth.
That gap tells the story Maya wants to fix. Filipinos know crypto, but grassroots momentum has cooled. A ₱1 entry point and a ₱1 million prize aim to pull casual users back in.
The MVP connection matters too. Maya sits inside the ecosystem of Manuel V. Pangilinan’s PLDT group, and the promo’s own exclusion list names MVP Group companies. That gives Maya a distribution edge most crypto-only apps lack: millions of users who already pay bills and scan QR codes in the same app.
Maya is also no newcomer to crypto. It received its virtual asset service provider (VASP) license, the BSP permit that allows crypto-to-peso trading, on December 31, 2021, according to fintech publication Fintech News Philippines.
What Maya Crypto Does
Maya Crypto works as a buy-and-sell feature inside the main Maya app, not as a full trading exchange. Users tap Crypto, choose a coin, enter an amount from ₱1, and confirm. So if you’re asking whether you can buy crypto for ₱1 in the Philippines, Maya now says yes.
Behind the screen, Maya’s crypto terms state that Coinbase serves as the platform’s primary liquidity provider, meaning Coinbase supplies the coins Maya users buy and sell.
The company says crypto services come from Maya Philippines, Inc., not from Maya Bank. That distinction matters: crypto holdings are not bank deposits and carry no PDIC insurance.
Prizes above ₱10,000 also face final withholding tax, so the grand prize winner will not take home the full ₱1 million.
The Caveats
Maya did not disclose which cryptocurrencies are eligible in the release, nor the spread or fees on each trade. Those costs eat into small purchases and add up fast for anyone trading to farm entries.
The company also did not publish the odds of winning, which depend on total trading volume across all participants. Maya’s “No. 1” rankings for its bank and payments arm are the company’s own claims.
The bigger question is incentive design. Because sells count as much as buys, the promo rewards turnover. Maya bans wash trading and bot activity, but it must now show that a raffle can bring in long-term crypto users rather than short-term ticket hunters.
Maya’s Bigger Bet
Maya has stacked growth numbers this year. It reported a first full year of profit in 2025, and deposits climbed 73% year on year to ₱76 billion in the first quarter of 2026, according to Newsbytes.PH.
Bloomberg reported in February that the group was weighing a US listing of up to $1 billion (around ₱58 billion). Maya said it does not comment on market speculation.
A busier crypto desk would help that story. For now, the MVP-linked fintech is betting that ₱1 is cheap enough, and ₱1 million loud enough, to win back a crypto crowd that helped make the Philippines a top-10 market in the first place.
FAQ
How much is the Maya Crypto raffle prize? The total pool is ₱1.36 million across 91 winners. The grand prize is ₱1 million, with two ₱100,000 monthly prizes and 88 weekly prizes of ₱1,000 or ₱10,000.
How to join Maya Crypto raffle? Open the Maya app, tap the Crypto tile, then tap Trade now! to opt in. Only buys and sells made after opting in earn entries, at one entry per whole peso.
Who owns Maya Philippines? Maya belongs to the Maya group, formerly Voyager Innovations, which sits in the PLDT and Manuel V. Pangilinan (MVP) group ecosystem. Its crypto services run under Maya Philippines, Inc.
Is Maya Crypto legit, and what’s still unknown? Maya holds a BSP VASP license granted in December 2021. Maya has not disclosed the list of eligible coins, trading spreads, or winning odds, and crypto holdings carry no PDIC insurance.
