Philippines’ Coins.ph Wallet Users Can Now Get Western Union Money Transfers
New Collaboration Will See Coins.ph Wallet Holders Receive Western Union Transfers
Coins.ph and the Western Union have recently started a new partnership. Now, one of the main e-wallet providers of the Philippines will unite with the leader in cross-border money transfers to enable over 5 million people to receive international transfers directly into their crypto wallets.
Everybody who lives in the Philippines knows that there are several Filipinos living abroad in the country and that they send money to their families from time to time. Because of this, several companies in the country are focusing on offering a service that can be used to make this process easier.
Now, the integration between the two powerful platforms will allow the people in the country to receive international money transfers from over 60 different countries and from 200 countries in the retail network, which is set to make the Coins.ph wallet becomes considerably more valued in the market, as it will improve the value that it offers to its clients tenfold.
According to Ron Hose, the co-founder, and CEO of Coins.ph, Filipinos are already on the lookout for new remittance options that can be more convenient for them, so by pairing up with the Western Union, the companies are making a killer partnership that will make the companies dominate the market by offering the best possible service.
Hose also affirmed that, at the moment, there is an estimated number of 10 million Filipinos working outside of the country, so this is a really relevant market and these people are in need of a suite of services that can serve them well. With this partnership, the company will offer its five million clients and many new ones more alternatives and options.
Molly Shea, the Senior Vice President and General Management of the Western Union in Asia Pacific, has affirmed that the goals of the company are all focused on giving the customers a chance to connect with people from all over the world financially in the most seamless way possible.
The Philippines are one of the countries in the world that most receive money remittances. Because of this, this kind of service is very central to it and can be a very profitable marketplace.
About Coins.ph And The Western Union
Coins.ph is a financial company based in the Philippines. Its goal is to offer wallet services that can help its customers to pay their bills and to receive money as well. The company is currently regulated by the Bangko Sentral ng Pilipinas (BSP) and it is currently the only Asian company to hold Electronic Money Issuer and Virtual Currency licenses from its local central bank.
The Western Union is a global company that is focused on cross-border money remittance. It is a very traditional company and one of the leaders in the market. Its network has over 550,000 retail agents and it operates in over 200 countries.