Philippines-based telecommunications giant PLDT Incorporated is preparing to list its fintech subsidiary, Maya, simultaneously on stock exchanges in the United States and the Philippines. This strategic move aims to expand Maya’s market presence and attract a diverse range of investors. Recognizing the growing interest in financial technology, PLDT seeks to strengthen Maya’s global recognition through this dual listing. Maya provides digital financial services including mobile wallets, online payments, and other innovative financial solutions, catering especially to the rising demand among young and urban users in the Philippines. This initiative will not only enhance PLDT’s fintech offerings domestically but also boost its international profile. The decision to pursue dual listing underscores the company’s commitment to innovation and growth in the fintech sector, opening new investment opportunities and increasing financial resources to accelerate Maya’s development. Although the exact listing date has yet to be announced, this step highlights the importance of fintech in PLDT’s future plans. While increased competition poses challenges, Maya’s strengthened financial position through dual listing is expected to better equip it to face these hurdles.
Source: binance
