Veem, a leading global payments provider, and Coins.ph, the Philippines’ largest crypto and digital wallet platform, have expanded their long-standing partnership to streamline cross-border payments from the U.S. and Canada to the Philippines.
The move promises faster, more cost-effective, and fully compliant payouts for businesses and Filipino professionals.
Under the expanded collaboration, Coins.ph continues as Veem’s trusted local payout provider in the Philippines, introducing new settlement options — including stablecoins — for corporate disbursements, contractor payments, and supplier payouts.
Addressing longstanding payment pain points
For years, businesses sending money to the Philippines have faced steep international wire fees, slow processing, and complex cross-border requirements.
Filipino remote workers, freelancers, and small outsourcing firms often experienced delayed payouts and poor foreign exchange rates.
The partnership tackles these challenges head-on. Businesses in the U.S. and Canada can now manage payments to Filipino workers on a single platform, complete with tools for mass payouts, payment tracking, and reconciliation.
Meanwhile, recipients gain faster access to funds, better FX rates, and more flexibility to receive payments via over 100 banks and e-wallets nationwide.
A new end-to-end payment rail
The enhanced payout system leverages Veem’s pre-funded USD infrastructure in North America and Coins.ph’s BSP-licensed local capabilities in the Philippines.
This combination enables Coins.ph to handle local compliance, convert funds to Philippine Pesos at competitive rates, and disburse them through preferred domestic channels. Both companies are also exploring digital settlement methods like USDC, positioning the solution at the forefront of global payment innovation.
“This partnership brings together Veem’s robust global payment network with Coins.ph’s deep local payout capabilities, creating a market-leading experience,” said Marwan Forzley, CEO and Co-Founder of Veem. “By leveraging a pre-funded model and Coins.ph’s local expertise, we can deliver a faster, cheaper, and more scalable solution for paying the Philippines than traditional banks or remittance rails. It’s a win-win for our customers and the Filipino workers they rely on.”
Empowering Filipino professionals and small businesses
Wei Zhou, CEO of Coins.ph, speaking to Filipino audiences in one of his talks
Wei Zhou, CEO of Coins.ph, emphasized the partnership’s impact on the Filipino workforce: “By combining Veem’s global network with Coins.ph’s regulated, localized expertise, we are empowering Filipino freelancers and small businesses to receive payments reliably, instantly, and with maximum value.
“This collaboration cements Coins.ph as the premier gateway for global funds entering the Philippine economy,” he further stated.
About Veem
Trusted by more than 1.1 million users in over 100 countries, Veem is the market leader in automating accounts payable and receivable for businesses.
Veem has revolutionized business payments by empowering finance teams to take control of their processes with features like multi-rail transfers, integrated approvals, invoice management, and flexible payment options.
Veem adheres to strict global compliance and data protection standards, ensuring secure and reliable transactions across every market it serves. For more information about Veem, visit www.veem.com.
About Coins.ph
Founded in 2014, Coins.ph is an all-in-one financial app licensed by the BSP as both a virtual asset marketplace and a mobile wallet. The platform empowers millions of Filipinos to trade crypto, execute payments, and receive remittances quickly and securely, combining traditional finance with digital assets in a single app.
Coins.ph is regulated by the Bangko Sentral ng Pilipinas (BSP) and holds both Virtual Asset Service Provider (VASP) and Electronic Money Issuer (EMI) licenses.
