New payments solution set to save businesses and professionals tens of millions in fees

Higlobe, the global business payments innovator, today announced a strategic partnership with Coins.ph, the leading digital wallet and crypto exchange in the Philippines. This first-of-its-kind partnership will deliver the guaranteed lowest-cost, most transparent cross-border payment solution for U.S. businesses paying Filipino freelancers, vendors, and remote teams.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250820845608/en/

Higlobe and Coins.ph launch new low-cost U.S.–Philippines payment solution

The partnership seamlessly addresses a massive need. Currently, the Philippines receives nearly $40 billion in remittances annually, with traditional fees ranging between 1% to 6% of each transfer. Even modest adoption of the new Higlobe-Coins.ph solution is predicted to generate substantial savings for businesses and workers. For example, if just 1% of this market ($400 million) were routed through the Higlobe-Coins.ph solution, users would save $5.6 million annually compared to market-average fees. At 10% market adoption ($4 billion annually), the potential savings would jump to $56 million per year, demonstrating the significant impact of the partnership's 0.6% fixed FX fee structure and lowest cost guarantee.

“Stablecoins are reshaping how value moves globally. Our partnership with Higlobe removes the friction in international payments, giving Filipino professionals a faster, more affordable way to receive cross-border payouts,” said Wei Zhou, CEO of Coins.ph. “This collaboration reflects our commitment to real world crypto use cases and expanding financial access for Filipinos.”

Evolving Payments Structures for a Global Workforce

As the world labor markets shift towards a borderless economy, the Higlobe-Coins.ph partnership delivers a true edge to U.S. companies: faster, cheaper, and fairer access to top talent in the Philippines. Higlobe provides users with a free U.S. receiving account, zero transfer fees from the U.S., and a single, transparent FX fee of just 0.6% for PHP withdrawals to the Filipino professionals and businesses.

By combining Higlobe’s stablecoin-powered payment infrastructure with Coins.ph’s BSP-regulated peso payout rails, the partnership delivers unmatched value for users, which includes a base of Coins.ph’s 18 million existing users across the Philippines.

“This partnership directly addresses one of the most frustrating problems for global workers– unfair FX and transaction fees,” said Teymour Farman-Farmaian, CEO of Higlobe. “Our partnership with Coins.ph shows the power of fintech technology to remove unnecessary barriers. We’re proud to use innovation to help Filipino professionals keep more of what they earn.”

Higlobe currently supports payments from the U.S. to the Philippines, Brazil, Mexico, Colombia, and Argentina, with EU-based sender support launching soon. To get started, visit www.higlobe.com.

About Coins.ph

Coins.ph allows users to buy, sell, and manage cryptocurrencies while accessing a wide range of financial services including bill payments, mobile top-ups, and local transfers. Coins.ph is fully regulated by the Bangko Sentral ng Pilipinas and was the first crypto company in Asia to secure both Virtual Currency and Electronic Money Issuer licenses from a central bank.

About Higlobe

Higlobe, Inc was founded in 2020 by Teymour H. Farman-Farmaian and Jeff Bolton who used their global experiences to build an international payment transfer solution that leverages stablecoins that are 1:1 backed by U.S. dollars or U.S. government treasury securities to transfer money quickly. Higlobe’s investors include Battery Ventures, TTV Capital, FjLabs, Reciprocal Ventures, Paxos, DCG, and Raptor Group.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250820845608/en/

Our partnership with Coins.ph shows the power of fintech technology to remove unnecessary barriers. We’re proud to use innovation to help Filipino professionals keep more of what they earn. — Teymour Farman-Farmaian, CEO of Higlobe