{"url":"https://newsforagent.com/news/2026-10-23/visa-stablecoin-philippines-banks-fintechs","markdown_url":"https://newsforagent.com/news/2026-10-23/visa-stablecoin-philippines-banks-fintechs.md","title":"Visa Explores Stablecoin Use Cases With Philippine Banks","headline":"Visa Explores Stablecoin Use Cases With Philippine Banks and Fintechs","description":"Visa is exploring stablecoin use cases with Philippine banks and fintechs to cut cross-border payment costs, as a study finds low consumer awareness.","section":"Partnerships","published_at":"2026-10-23T00:01:20+00:00","modified_at":"2026-10-23T00:01:20+00:00","author":"News Desk","key_takeaways":["Visa is exploring stablecoin use cases with Philippine banks, fintechs and regulators to reduce cross-border payment cost and friction.","Visa's Money Travels 2026 study found roughly four in 10 Filipinos have not heard of stablecoins, and only about a third of those aware understand how they work.","Qinwen Xiao, head of Visa Direct, said the low awareness gives market practitioners, the government, the central bank, payment networks and traditional commercial banks an opportunity to increase education."],"companies":[{"name":"Visa","is_primary":true,"profile_url":"https://akta.pro/company-profiles/00007cz/visa","website":"https://www.visa.com"}],"source":{"publisher":"Inquirer","title":"Visa eyes stablecoin rollout in PH","url":"https://business.inquirer.net/617357/visa-eyes-stablecoin-rollout-in-ph"},"other_sources":[],"tags":["Partnerships","Visa"],"body_markdown":"[Visa](https://akta.pro/company-profiles/00007cz/visa) is exploring stablecoin use cases with Philippine banks and fintechs to reduce the cost and friction of cross-border payments, the payments firm said, as its Money Travels 2026 study found roughly four in 10 Filipinos have not heard of stablecoins. The [Inquirer](https://business.inquirer.net/617357/visa-eyes-stablecoin-rollout-in-ph) reported the plan on October 23, 2026.\n\n## Visa's Stablecoin Talks With Philippine Banks\n\nVisa's Money Travels 2026 study found that only about a third of Filipinos aware of stablecoins clearly understand how the technology works. Stablecoins are digital currencies designed to maintain a stable value, typically by being pegged to an asset such as the US dollar. They are being explored as a way to move money across borders faster and potentially at lower cost. Currently, stablecoins are still mainly used for buying or selling crypto assets or making payments across borders.\n\n\"We do see there's a lower level of awareness or trust in stable coins. But that also gives an opportunity for market practitioners, the government, the central bank, payment networks and traditional commercial banks to increase (Filipinos') education and awareness in the usage of stable coins,\" Qinwen Xiao, head of Visa Direct, said in a media briefing.\n\n\"It's a conversation that Visa will continue to explore with the banks and fintechs here, as well as the regulator, to continuously engage with all these parties to see when a stablecoin use case can be deployed in the Philippines,\" he added.\n\n## Visa's Recent Product and Partnership Moves\n\nVisa's recent moves include a June 2026 global launch of Visa Destinations, a cardholder-only travel benefits platform live in 10 cities with anchor partners Santander, Global Blue, Star Alliance and Trip.com Group, according to akta.pro [company records](https://akta.pro/company-data). The same records show a June 2026 strategic collaboration with OpenAI to integrate Visa Intelligent Commerce APIs into AI-powered shopping, pairing Visa's tokenization, authorization and fraud-monitoring with frontier LLMs for agentic checkout. In February 2026, Visa completed its acquisition of Argentina's Prisma Medios de Pago and Newpay from Advent International, adding the Banelco ATM network and the PagoMisCuentas bill-pay platform.\n\n## Visa's Earlier Deals and Launches\n\nIn July 2026, X announced that X Money early public access will launch featuring 6% APY deposits through Cross River Bank and P2P payments facilitated by Visa, building on the recent rollout of Smart Cashtags in the United States and Canada, according to akta.pro company records. In June 2026, Parafin launched the Spend Card, a fully managed business credit card program built on infrastructure from Column N.A. and Visa, with 360 Payments live and Nav launching soon, the same records show.\n\n## Visa's Next Steps in the Philippines\n\nVisa plans to continue engaging with banks, fintechs and regulators to deploy stablecoin use cases in the Philippines, the company said.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}