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Nxos partners with Coins.ph to enable instant USDT to PHP cross-border payments

Published Dec 24, 2024 08:59 pm

Nxos, a fintech infrastructure provider based in Dubai and founded earlier this year, today announced its partnership with Coins.ph, the Philippines' largest digital asset platform. This collaboration enables instant stablecoin-powered cross-border payments to the Philippines through a standardized API integration. 

The UAE and Europe represent significant remittance corridors to the Philippines, with substantial annual transfer volumes. nxos, based in Dubai, is strategically positioned to serve these major sender markets. 

"By integrating with Coins.ph, we're making it easier for fintechs and businesses globally to access the Philippine market through a single, standardized API," said Wassily Graf, founder of nxos. "This partnership demonstrates our commitment to building the future of cross-border payments using stablecoin infrastructure." 

The integration allows businesses to: 

  • Process instant USDT or USDC to PHP transfers 
  • Connect to Philippine banks and wallets through standardized ISO20022 messaging 
  • Access competitive FX rates 
  • Ensure regulatory compliance through established KYC/AML frameworks 

“Coins.ph is dedicated to transforming financial access and delivering innovative solutions that meet the needs of today’s digital economy,” said Wei Zhou, CEO of Coins.ph. “Partnering with nxos allows us to offer instant, stablecoin-based transfers through a unified API, making cross-border transactions faster, more affordable, and accessible.” 

The service is now live and available to licensed financial institutions and fintechs through nxos's Transfer API. 

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