Coins.ph and Vietnam’s FinFan Partner to Revolutionize Cross-Border Payments Between Philippines and Vietnam
- ByStartupStory | November 18, 2025
Coins.ph, the Philippines’ leading licensed crypto and digital wallet platform, has entered into a strategic partnership with Best Way Corporation (FinFan), a prominent fintech company based in Vietnam, to streamline and expand cross-border remittance and payment flows between the two countries. The memorandum of understanding (MOU) was signed during the Singapore FinTech Festival 2025, marking a significant step towards enhancing regional digital financial connectivity.
Under this partnership, Coins.ph will utilize its regulated infrastructure to independently manage the conversion of funds into US dollars. These funds are then sent via a standard international fiat remittance channel to FinFan’s account, which handles the local disbursement in USD within Vietnam. This arrangement ensures a faster, more transparent, and cost-efficient remittance experience for users, especially individuals and families reliant on international money transfers.
The collaboration leverages Coins.ph’s licensing status as both a Virtual Currency Exchange (VCE) and Electronic Money Issuer (EMI) by the Bangko Sentral ng Pilipinas, alongside FinFan’s license from the State Bank of Vietnam to provide lawful international remittance services. FinFan’s robust payment infrastructure connects banks, e-wallets, cards, and cash using a single API, enabling seamless integration with major payment networks such as Visa, MoneyGram, Ripple, and Lightning Network.
Wei Zhou, CEO of Coins.ph, emphasized the shared vision of making cross-border money transfers simpler and more inclusive through innovative technology. “Our partnership with FinFan reflects a commitment to bridging traditional finance and modern fintech solutions to support partners and remittance recipients across Vietnam and the Philippines,” Zhou said.
Nguyen Tuyen, CEO of FinFan, added that the collaboration would provide international partners with secure, scalable, and compliant cross-border payment infrastructure, fueling financial inclusion in Southeast Asia’s increasingly digital society.
Industry projections anticipate the volume of technology-driven remittances in Asia to reach $250 billion by 2028, with innovations in speed, transparency, and affordability recognized as key growth drivers. The Coins.ph-FinFan partnership is well-positioned to capture this growing market by offering near-instant transactions accessible 24/7.
This alliance also supports the broader vision of cross-border ecosystem integration in Southeast Asia, reinforcing the region’s commitment to leveraging fintech innovation for economic development and financial empowerment.
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