Wire · technology
BPI bets on stablecoins for faster remittances
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Fusion42 · 24 July 2026 · Fusion42 review
Bank of the Philippine Islands (BPI) is piloting a stablecoin-based settlement rail with Meridian for cross-border remittances, targeting faster and cheaper transfers for Filipinos including migrant workers and freelancers. The pilot will initially focus on payroll credits for informal workers before expanding ahead of the ASEAN 49 Summit in November.
This Wire brief sits within Fusion42's coverage of Fintech and Crypto & Web3, and 2 sources have reported it between 24 Jul 2026 and 2 Aug 2026.
◆ ◆ The Wire takeaway
A major regional bank just validated stablecoins for mass-market remittances and signalled regulatory approval—if you're building payment infrastructure for gig workers or migrant corridors, you now have a bank buyer and a regulatory green light in Southeast Asia's largest remittance market.
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2 sources · first reported 24 Jul 2026 · latest 2 Aug 2026
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