What is Coins eWallet?
Coins ph (Coins) eWallet is a popular digital wallet in the Philippines, providing a robust platform for a variety of financial transactions in the local currency, the Philippine Peso (PHP). This eWallet supports the financial inclusion of Filipino users by offering an easy way to perform digital transactions without the need for a traditional bank account. With the Philippines as its primary market, Coins eWallet is specially tailored to meet the unique needs of its users in the region.
Coins eWallet acts as a digital bridge, connecting Filipinos to a wide range of payment services. Users can pay bills, shop online, and even send remittances—all from their mobile devices. As digital wallets gain popularity, integrating services like Coins eWallet into your business can provide a competitive edge by catering to a global, tech-savvy customer base.
How Does Coins eWallet Work?
Coins eWallet simplifies financial transactions by storing PHP in a digital format, which users can manage through an intuitive app interface. This enables them to make payments, send money to other Coins users, and even perform more traditional banking transactions like direct bank transfers. The user-friendly design and straightforward functionality make it accessible for all Filipinos, encouraging digital financial engagement across diverse demographics.
Features and Benefits of Coins eWallet
Coins is a versatile and secure eWallet in the Philippines, offering a range of features and benefits that cater to the diverse financial needs of individuals and businesses, including cryptocurrency integration and access to various financial services.
Features of Coins eWallet:
- Cryptocurrency trading: Coins allows users to buy, sell, and trade various cryptocurrencies like Bitcoin, Ethereum, and over 2,000 other digital assets.
- Digital payments: Users can make digital payments for bills, remittances, mobile load purchases, and other services using the Coins eWallet.
- Physical and virtual Visa Card: Coins offers physical and virtual Visa cards linked to the eWallet for online and offline purchases.
- Cash-in and cash-out: Users can add funds (cash-in) to their Coins eWallet through various methods like bank transfers or over-the-counter outlets and also withdraw cash (cash-out) from their eWallet balance.
- Rewards and Offers: Coins provides rewards, discounts, and special offers to its users for using the eWallet services.
Benefits of Coins:
- Convenience: Coins offers a convenient way to manage finances, make payments, and access financial services through a single mobile app.
- Security: The eWallet employs security features like SSL encryption, two-factor authentication, transaction monitoring, and anti-phishing protocols to protect user funds and data.
- Accessibility: Users can easily sign up for a Coins account and start using the eWallet without needing a traditional bank account, promoting financial inclusion.
- Cryptocurrency Integration: Coins combines the functionality of an eWallet with the ability to trade and transact in cryptocurrencies, catering to the growing crypto market in the Philippines.
- Multiple Services: In addition to digital payments and crypto trading, Coins provides access to other financial services like mobile load purchases, remittances, and more, making it an all-in-one platform.
How to Accept Coins eWallet Payments
Accepting payments through Coins eWallet can help your business expand its reach within the Philippines. Integration is straightforward, Rapyd offers comprehensive support to incorporate Coins eWallet alongside other payment solutions. This not only simplifies the payment process for customers but also enhances the overall user experience, fostering loyalty and encouraging repeat transactions.
With Rapyd you can accept payments from customers in the Philippines and worldwide.
ACCEPT COINS EWALLET WITH RAPYD
Countries: Philippines
Payment Type: eWallet
Currencies: PHP
Here’s How to Get Started:
- Contact Rapyd. With Rapyd you can accept credit cards with a leading acquirer and increase cart conversions and sales by localising checkout and accepting popular alternative payment methods worldwide.
- Choose Your Solution: Rapyd makes it easy to integrate payments into all your apps, sites and experiences:
- Hosted Checkout: Start accepting payments fast with a Rapyd-Hosted checkout page that’s customisable for your brand and payment needs.
- API Integration: Accept online payments everywhere and build your own custom payment experiences with our API.
- Payments Links: Quickly add the ability to accept payments in SMS, WhatsApp, invoices, emails, or anywhere you can paste a link.
- Virtual Terminals: With a Virtual Terminal, your phone, tablet or computer is a card machine that lets you take payments in person or over the phone.
- Growing Sales and Lower Cart Conversions with directly licensed card acquiring and local payment methods from a top-20 Visa acquirer and Mastercard acquirer trusted by more than 250,000 customers worldwide.
Key Coins.ph Facts and Statistics
Market Share
Coins.ph holds a significant position in the Philippine eWallet market with a 54% market share in terms of Monthly Active Users (MAU). This positions Coins.ph as a leading player in the digital wallet space within the country.
Coins.ph has achieved impressive user statistics:
- Cumulative App Downloads: 11 million
- KYC-Verified Users: 3.8 million
- Peak Monthly User Count: Approximately 4 million
The user demographic distribution for Coins.ph is fairly balanced and diverse:
- Gender: 51% female, 49% male
- Age Distribution:
- 12% are aged 16-25
- 42% are aged 26-35
- 27% are aged 36-45
- 11% are aged 46-55
- 5% are aged 56-65
- 2% are aged 66 and older
Coins.ph has a widespread user base across various regions in the Philippines:
- 21% in Calabarzon
- 20% in the National Capital Region (NCR)
- 17% in Visayas
- 14% in Luzon
- 5% in Davao
- 23% in other regions
Coins.ph provides a streamlined user experience for making payments:
- Users select Coins.ph Wallet at checkout
- They are redirected to login and authorise the payment on the Coins.ph landing page
- After authorization, users are redirected to the payment confirmation page
Coins.ph imposes a transaction limit of 30,000 PHP, which is an important consideration for users planning their financial activities.
The typical settlement timeframe for transactions made through Coins.ph is 2-3 days, which is a standard period for digital payment processing.
Start Accepting Coins Payments and Grow Your Market Reach, Cart Conversions and Sales.
Rapyd supports hundreds of local and alternative payment methods, including Coins eWallet. With Rapyd, your business can accept credit card payments worldwide and offer payment options tailored to local markets.
For businesses aiming to capitalise on the Philippines’ digital economy, incorporating Coins eWallet into their payment solutions is a strategic move.
