Coins.ph, the Philippines’ leading Electronic Money Issuer (EMI) and Electronic Payment and Financial Services (EPFS)-licensed crypto and digital wallet platform, and Best Way Corporation (FinFan), a trusted financial technology company based in Vietnam, have signed a memorandum of understanding (MOU) for a strategic partnership to streamline and expand cross-border remittance and payment flows between the two countries.
The agreement was signed on the sidelines of the ongoing Singapore Fintech Festival.
Streamlining USD conversions and payouts
Under the MOU, Coins.ph will leverage its licensed infrastructure to independently manage the conversion of funds into USD. These funds are then sent as a standard international fiat remittance to FinFan’s account for local disbursement in USD. This collaboration allows FinFan to enhance its remittance services for individuals and families, offering a faster, more transparent, and cost-efficient remittance solution.
Strengthening financial inclusion across Southeast Asia
By combining Coins.ph’s capabilities as a licensed EPFS provider with FinFan’s local payout ecosystem, both companies aim to promote financial inclusion and cross-border efficiency across Southeast Asia’s growing digital economy.
Grounded in strong regulatory compliance
The partnership is anchored on regulatory compliance. Coins.ph is licensed as both a Virtual Currency Exchange (VCE) and an Electronic Money Issuer by the Bangko Sentral ng Pilipinas, while FinFan is licensed by the State Bank of Vietnam to provide legal international remittance services. FinFan delivers payment infrastructure solutions for global money transfer operators, banks, and digital platforms.
“Our partnership with FinFan reflects our shared vision of making cross-border money transfers simpler and more inclusive through new technology,” said Wei Zhou, Coins.ph CEO.
“Together, we’re bridging traditional finance and modern financial solutions to support international partners and remittance recipients across Vietnam and the Philippines,” added Tuyen Nguyen, CEO of FinFan.
Driving new-technology-powered remittances
This collaboration reinforces both companies’ commitment to innovation in the remittance sector—empowering users with a secure, compliant, and scalable new-tech cross-border infrastructure, which is now estimated to account for about 23% of worldwide remittances.
Industry estimates likewise point to a $250 billion new-technology-driven remittance volume for Asia by 2028.
The core appeal of this new technology lies in its ability to facilitate transactions with unmatched speed—often in minutes, 24/7—which is frequently cited as an even greater benefit than the significant cost-efficiency it offers over legacy systems.
To learn more about the partnership, visit www.coins.ph or www.finfan.io. Follow the official Coins.ph FB Page at https://www.facebook.com/coinsph and the official FinFan FB Page at https://www.facebook.com/finfanio
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