If your business holds a valid approval by the Securities and Exchange Commission (SEC) to engage in financing activities, and you have successfully completed our business verification step, you may use our services for both your fund disbursements and collections:
- Traditional routes likes banks, and remittance centers: you may send funds to your customer’s bank account or have them picked up at a support padala shop. Our network spans across 22,000 locations and funds can be available for pick up within 10 mins (LBC, MLhuillier) or same day (all banks before cut off time). Full list of cash out options available here.
- Coins.ph accounts: instant and free disbursement of the loan to your customer’s Coins.ph wallet. Our wallets are governed by Bangko Sentral ng Pilipinas (BSP) and AMLA rules and regulations, and we conduct all applicable KYC verifications. Once the funds become available to their Coins accounts, a customer may use them to make a bill payment directly, send money to family/friends etc, as the case might be.
API documentation for disbursements may be found here.
You can collect funds even from non-Coins.ph users from different accessible outlets that Coins.ph supports like 7-Eleven, Cebuana Lhuillier, etc. You can either show our options on your app or website, or send them a payment request link via phone number or email with instructions for them on how to pay. Once the payment has been processed, funds should instantly be credited to your Coins.ph account.
You can read more about accepting payments here.