Coins.ph, the Philippines-based crypto and digital wallet platform, and Best Way Corporation (FinFan), a 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 duo said in a statement on last Friday that 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.

By combining Coins.ph’s capabilities as a licensed electronic payment and financial services provider and other capabilities with FinFan’s local payout ecosystem, both companies aim to promote financial inclusion and cross-border efficiency across Southeast Asia’s growing digital society.

The partnership is grounded in regulatory compliance as Coins 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 Chief Executive Officer.

Nguyen Tuyen, Chief Executive Officer of FinFan, added that together, they are bridging traditional finance and modern financial solutions to support international partners, and remittance recipients across Vietnam and the Philippines.

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 percent of worldwide remittances.

It is noted that industry estimates likewise point to a $250 billion new-technology-driven remittance volume for Asia by the year 2028.

The core appeal of this new technology lies in their ability to facilitate transactions with unmatched speed (often in minutes, 24/7), which is often cited as a greater benefit than even the significant cost-efficiency they offer over legacy systems.

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