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Coins.ph to announce remittance partner after Go-Jek investment

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ABS-CBN News

<figure class="op-interactive"><div id="IVS_ABS_Body_Video_1_Container"> <ivs-player id="IVS_ABS_Body_Video_1" data-ivs-spid="3001339" data-ivs-key="e8c22c015ca9eafa76f1e3edfa03c603" data-ivs-vid="1392878" data-ivs-floating="1"></ivs-player> <script src="https://player.ivideosmart.com/ivsplayer/v4/dist/js/iframe-parent.js"></script> <script src="https://player.ivideosmart.com/ivsplayer/v4/dist/js/loader.js"></script> </div></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div><p>MANILA -- Digital wallet platform Coins.ph is working on a &quot;large partnership&quot; with a global remittance firm after receiving a &quot;substantial&quot; investment from Indonesia&#x27;s Go-Jek, as it aims to reach more unbanked Filipinos.</p><p>The new partner could be announced as early as this week or next week, said Coins.ph CEO Ron Hose, who is also a member of the Endeavor network of high-impact startup mentors.</p><p>&quot;Our motivation is to continue to grow as fast as we can,&quot; Hose told ANC&#x27;s Early Edition.</p><p>Aside from a larger balance sheet, Coins.ph is also counting on Go-Jek for knowledge transfer. The Indonesian firm&#x27;s digital payments arm accounts for 30 percent of all digital transactions in its home country, Hose said.</p><p>The Go-Jek venture will allow Coins.ph to expand regionally while cutting cross-border transaction costs, he said.</p>

<p>The new partner could be announced as early as this week or next week, said Coins.ph CEO Ron Hose, who is also a member of the Endeavor network of high-impact startup mentors.</p>

The new partner could be announced as early as this week or next week, said Coins.ph CEO Ron Hose, who is also a member of the Endeavor network of high-impact startup mentors.