Homegrown crypto platform Coins.ph is aiming to capture a pie of the multi-billion remittance market from Overseas Filipino Workers (OFWs) as it announced a bold leap onto the global stage with an ambitious expansion plan into Australia, Europe, Africa, and Latin America.
Metrobank has expanded its partnership with remittance company Pera Hub, allowing individuals to conveniently send money to Metrobank account holders nationwide.
Digital payment firm Xendit has signed up new partners in the Philippines in a bid to expand its operations in the country after raising $150 million Series C funding that elevated the company to a short-list of Southeast Asia unicorns.
As a sign of growing digitalization of financial services in the Philippines, 88% are receptive to a semi-digital payments solution that would allow them to initially confirm the transaction online and then subsequently fulfil the transaction at a physical location.
