DAILYJILI Digital Wallet: The BSP's Definition, Explained
In BSP Circular No. 1166 a digital wallet is an electronic instrument that holds e-money: pre-funded peso value, non-interest-bearing and not a deposit, issued by an electronic money issuer on the BSP's list.
Key facts and contents
- DAILYJILI Walkthrough
- Open the Maya app, tap Cash in, pick a route (card, over-the-counter partner, linked bank, Maya Savings or kiosk), enter the amount and confirm.
- DAILYJILI Walkthrough
- In the Maya app, tap Profile, then Upgrade Your Account, enter your name and birth date as on your National ID, record the video selfie, add details and submit.
- DAILYJILI Maya Account
- Maya has four account levels: Basic, Upgraded, Super Users and Ultimate Users.
- DAILYJILI Maya Change Number
- In the Maya app open your profile, tap Settings, then Change mobile number, and follow the prompts.
- DAILYJILI Maya Customer Service
- Maya publishes a hotline at (+632) 8845-7788 and 1800-1084-57788 (daily 8 AM to 7 PM, emergencies 24/7) and an in-app Support Chat with live-agent and ticket options.
- DAILYJILI Maya Down
- Open Maya's Service Availability page first: on 6 October 2026 it read Everything is running smoothly.
- DAILYJILI Maya Payment
- Log in to Maya, pick Maya at the merchant's checkout, enter your Maya-registered number and password, type the OTP, confirm the payment, then review it in the Payment Confirmation page or Transaction History.
- DAILYJILI Maya Receipt
- Maya leaves proof in different places by payment type: View receipt after an InstaPay transfer, an in-app message plus SMS for QR payments, and the Payment Confirmation page or Transaction History for an online checkout.
- DAILYJILI Maya QR Code
- A Maya QR code is either one you scan (a merchant's static display, a Maya Terminal, a QR Ph code) or a ticket code you present.
- DAILYJILI Maya Transfer Limit
- Maya sets eight kinds of cap by account level and transaction type: wallet balance, purchases, send money, InstaPay sending and receiving, PESONet, ATM and Savings.
A digital wallet in Philippine rules is defined by what it holds and who issues it, not by the app on your screen. The Bangko Sentral ng Pilipinas (BSP) wrote that definition into Circular No. 1166 (2023) on e-money. Here it is in plain words, with Maya as the worked example.
Digital wallet: the BSP’s definition of e-money
Circular No. 1166, section 702, defines e-money as electronically stored monetary value with seven features.
- It sits in a non-interest-bearing, non-deposit transaction account.
- It is denominated in or pegged to Philippine Peso or other foreign currencies.
- Customers pre-fund it to make payments.
- The issuer and other persons, including merchants, accept it as payment.
- It is issued against funds equal to its value.
- It is a claim on its issuer.
- It can be withdrawn in cash or cash equivalent, or moved to other accounts that can.
The same section says e-money is issued and redeemed at face value only, is not a deposit and earns no interest.
How a digital wallet differs from a bank account
The circular names electronic instruments as cash cards, prepaid cards, stored value cards or any digital wallet accessible via mobile phones or other access device. A wallet is therefore one kind of e-money instrument, and the e-money in it is explicitly non-deposit.
| Feature | Digital wallet (e-money) | Where it is stated |
|---|---|---|
| Account type | Non-deposit transaction account | BSP Circular No. 1166, section 702 |
| Interest | None | BSP Circular No. 1166 |
| Claim | On the issuer | BSP Circular No. 1166 |
| Maya’s wallet and the PDIC | Not covered | Maya’s terms, section 18.1 |
| Maya Bank deposits | Insured up to PHP 1,000,000 per depositor | Maya Bank’s About page |
Maya runs both sides under one brand, which is why the table splits them: the wallet is e-money, and Maya Bank’s savings are deposits.
Mobile wallet: open-loop and closed-loop
A mobile wallet is the circular’s digital wallet reached from a phone. The circular splits wallets in two. A closed-loop wallet is accepted as payment only by the merchant that issued it, while an open-loop wallet is accepted by other persons and entities as well. Maya’s own terms describe value used through its in-app shop, QR, point of sale and online payments at merchants honouring payment schemes, which is open-loop use.
Issuers on the BSP’s list, with Maya as the example
The circular classes issuers as EMI-Banks and EMI-Non-Bank Financial Institutions. The BSP’s published list of supervised electronic money issuers, as of 31 May 2026, has a bank section and a non-bank section. Maya Philippines, Incorporated is entry 19 in the non-bank section, and its terms call it an electronic money issuer duly licensed and regulated by the BSP.
Check any wallet you plan to use against that list on bsp.gov.ph. The Maya wallet explained takes Maya’s side of the same facts, and Maya customer service channels is where to take a wallet problem.
Where the lobby’s PayMaya banner fits
The lobby’s banner, read on 27 September 2026, named PayMaya, today’s Maya, and it is the one wallet the lobby names in public. The amounts and processing notes are on the Deposit and Withdrawal screens after login. For the setup order read the PayMaya casino pillar, and for the comparison of methods read casino payment methods Philippines players see and the Maya casino reference row.
FAQ
What is a digital wallet in the Philippines?
BSP Circular No. 1166 lists any digital wallet accessible via mobile phones or other access device among electronic instruments that hold e-money.
Is a digital wallet a bank account?
No. The BSP defines e-money as value kept in a non-interest-bearing, non-deposit transaction account. A bank deposit account is a different product.
Is a mobile wallet the same as a digital wallet?
The BSP's wording covers a digital wallet reached through mobile phones or other access devices, so a mobile wallet is a digital wallet used on a phone.
Is Maya on the BSP's list?
Maya Philippines, Incorporated is entry 19 in the non-bank section of the BSP's list of supervised electronic money issuers, dated 31 May 2026.