“Can a BSP-licensed crypto-native super app become the default cross-border settlement rail into the Philippines?”
Founded 2014 as a crypto-first e-wallet targeting the underbanked Filipino market, Coins.ph became the first Asian crypto company to hold both VC and EMI licenses from a central bank. Acquired by Go-Jek in 2019 for $72M, later passed to Joffre Capital and raised a $30M Series C from Ribbit Capital in 2023. The company has evolved from a consumer PHP<>crypto wallet into a full-stack super app spanning bills, QR Ph, remittances, corporate FX, and a professional exchange (Coins Pro) — while expanding cross-border via Circle's stablecoin network and Clear Junction's European rails to serve institutional and remittance corridors into the Philippines.
Coins.ph discloses DCPay Philippines, Inc. (in-house EMI), Betur, Inc. (in-house VASP) and Clear Junction as its banking providers, according to the Embedded Finance Index 2026.
Coins.ph does not disclose a bank charter of its own; its banking services are provided through DCPay Philippines, Inc. (in-house EMI), Betur, Inc. (in-house VASP) and Clear Junction.
Coins.ph processes payments through Coins WebPay (self-operated), Coins Pay (self-operated) and QR Ph (national rail). Disclosed money-movement rails: SEPA Instant, SEPA and Faster Payments.
Coins.ph's lending and capital products are provided by Coins.ph Crypto on Credit (in-house).
Coins.ph uses Clear Junction and Circle Payments Network for FX and cross-border payouts.
Coins.ph's embedded insurance is provided by BIMA.
Coins.ph's crypto products run on Circle (Circle Payments Network) and Fireblocks.
The Embedded Finance Index 2026 maps 7 layers in Coins.ph's stack: Payments / PSP (Coins WebPay (self-operated), Coins Pay (self-operated) and QR Ph (national rail)); Money movement (SEPA Instant, SEPA and Faster Payments); Banking / BaaS (DCPay Philippines, Inc. (in-house EMI), Betur, Inc. (in-house VASP) and Clear Junction); Lending (Coins.ph Crypto on Credit (in-house), Crypto on Credit (borrow PHP or BTC to trade) and Disbursement API for SEC-approved lenders); Insurance (BIMA); FX & payouts (Clear Junction and Circle Payments Network); Crypto (Circle (Circle Payments Network) and Fireblocks).
Coins.ph is founded in 2014 and headquartered in Pasig City, Philippines.
Get a read on where your own stack stands against Coins.ph and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.