Veem, Coins.ph Expand Payment Partnership Covering US, Canada, PH

Veem and Coins.ph have announced an expanded partnership aimed at making cross-border payments between the United States, Canada, and the Philippines faster, cheaper, and more accessible—especially for businesses and Filipino remote workers.

Under the updated agreement, Coins.ph will continue acting as Veem’s local payout partner in the Philippines, handling peso conversion, compliance, and domestic disbursement. The collaboration supports corporate payouts, supplier payments, and contractor compensation, with both companies also exploring alternative settlement options such as stablecoins, including USDC.

The expanded setup is designed to address common pain points in international payments, including high wire transfer fees, slow settlement times, complex processes, and unfavorable foreign exchange rates. By using Veem’s licensed collection infrastructure in North America and Coins.ph’s BSP-regulated payout network, funds can move more efficiently from USD to PHP and reach recipients through local banks, e-wallets, and other domestic rails.

Veem pre-funds USD liquidity, allowing Coins.ph to quickly convert and distribute payments within the Philippines. This structure benefits U.S. and Canadian companies that regularly pay Filipino freelancers, virtual assistants, contractors, and outsourcing partners, offering an alternative to traditional international bank transfers.

For businesses, Veem provides tools for mass payouts, payment tracking, and reconciliation. For recipients in the Philippines, the partnership promises faster access to funds, competitive exchange rates, and lower withdrawal fees, with access to more than 100 banks and e-wallets via Coins.ph.

Veem CEO and co-founder Marwan Forzley said the collaboration combines Veem’s global payment network with Coins.ph’s local expertise to deliver a faster and more scalable payout solution for the Philippines. Coins.ph CEO Wei Zhou added that the partnership strengthens their mission to provide reliable, affordable, and compliant financial services, particularly for freelancers and small businesses relying on international income.