Veem and Coins.ph are doubling down on a partnership that aims to make cross-border payments to the Philippines faster, cheaper, and easier—an increasingly critical need as global hiring and outsourcing continue to surge.
The expanded collaboration strengthens Coins.ph’s role as Veem’s local payout partner, supporting corporate disbursements, contractor pay, and supplier payments from the U.S. and Canada into the Philippines.
Beyond scale, the update brings smarter settlement options, including the use of digital assets such as stablecoins, while staying firmly within regulatory guardrails.
At its core, the partnership targets long-standing pain points in international payments: high wire fees, opaque foreign exchange rates, slow settlement times, and complex banking requirements.
These frictions hit Filipino freelancers, virtual assistants, and small outsourcing firms particularly hard, where delayed payments can disrupt household cash flow and business continuity.
Operationally, the integration pairs Veem’s licensed collection infrastructure in North America with Coins.ph’s BSP-regulated payout rails. With pre-funded US dollar liquidity, Coins.ph can manage compliance, convert funds at transparent FX rates, and distribute pesos quickly across banks and widely used e-wallets.
The companies are also exploring digital settlement via USDC, signaling a cautious but deliberate step toward blockchain-enabled efficiency.
The value proposition for business is simplicity: one platform for scalable, trackable mass payouts without navigating multiple intermediaries.
For Filipino recipients, the benefits are more tangible—faster access to earnings, improved exchange rates, and flexible payout options spanning more than 100 banks and e-wallets nationwide.
Strategically, the move reflects a broader shift in cross-border payments, where fintech partnerships—rather than traditional correspondent banking—are setting new standards for speed, cost, and inclusion. In a labor market increasingly defined by remote work, Veem and Coins.ph are betting that reliable pay is the real competitive advantage.
