Digital banking and mobile wallets are becoming common channels for international money transfers among Filipinos, but high fees and security concerns continue to affect adoption, according to Visa's Money Travels 2026 report.
The Bank of the Philippine Islands (BPI) is preparing to pilot a stablecoin-based settlement system aimed at reducing the cost and processing time of cross-border payments to Filipinos.
The initiative follows the platform’s recent integration of the Polkadot Asset Hub, a blockchain network optimized for faster and cheaper stablecoin transactions.
