#global payments

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. 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. Veem pre-funds USD liquidity, allowing Coins.ph to quickly convert and distribute payments within the Philippines. 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. The new service, expected to launch by the first quarter of 2027, will use Visa Direct, Visa's real-time payments platform, allowing BPI customers to send money overseas directly from the BPI app. Joel de Vera, BPI's head of strategy, products and support for institutional banking, said demand for secure, real-time, and affordable international payments continues to grow as more Filipinos engage in global activities. Acting Transportation Secretary Giovanni Lopez said the goal is to make payments simple and unified for commuters. Read more in our articles including "Veem, Coins.ph Expand Payment Partnership Covering US, Canada, PH" and "BPI to add international money transfers to mobile app by 2027".