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. A global launch has yet to be announced for the Samsung Galaxy Card. The rollout is part of ongoing efforts to modernize public transportation and encourage the use of digital payments in the Philippines. Customers can already use several services without additional charges, including PESONet transfers, transfers between UnionBank accounts, utility bill payments, mobile load purchases, and QRPh payments at participating stores. Read more in our articles including "Veem, Coins.ph Expand Payment Partnership Covering US, Canada, PH" and "Samsung announces Galaxy Card".
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.
Our coverage of global payments includes: "Veem, Coins.ph Expand Payment Partnership Covering US, Canada, PH"; "Samsung announces Galaxy Card"; "AUB to offer FREE InstaPay, PESONet bank transfers starting July 20". Each article provides unique insights and information.