#Abu Dhabi #UAE #Philippines #OSN

OSN Launches Innovative Payment Corridor

OSN, the international on-chain foreign exchange settlement infrastructure provider, has officially activated a new payment corridor connecting the Philippines with the UAE. This development comes in response to the increasing demand for efficient trade and digital payment solutions. With a notable reduction of transaction fees—up to 50% cheaper than those charged by other leading platforms—this corridor is set to transform how businesses operate in emerging and established financial markets.

The launch of this payment corridor signifies a strategic enhancement of OSN’s role as a bridge for liquidity across different markets, specifically uniting the financial systems of the Middle East, Asia, and Latin America with the Philippines. By streamlining access to stablecoin and fiat conversions, OSN is effectively reimagining the landscape where businesses can effortlessly transfer funds without succumbing to the high costs and delays typical of conventional banking methods.

Lawrence Chu, Co-Founder of OSN, emphasized the impact of this corridor by stating, "High-volume routes like the UAE–Philippines corridor illustrate where modern payment systems can create significant value." He further noted that OSN's infrastructure is designed to empower businesses to scale their operations confidently across these key markets.

With nearly 900,000 Filipinos employed in the UAE across various sectors, including IT, healthcare, and retail, the corridor responds to a robust demand for consistent and reliable PHP liquidity, essential for payroll, contractor payments, and exports of services. This workforce's influence on cross-border financial flows underscores a vital need for advanced payment infrastructures.

Additionally, the recent Comprehensive Economic Partnership Agreement (CEPA) between the Philippines and UAE will further elevate trade and service exchanges, ensuring sustained payment volumes and transforming how these businesses interact financially.

As Abdulla Al Dhaheri, CEO of The Blockchain Center Abu Dhabi, pointed out, this blockchain-enabled payment corridor not only enhances efficiency and transparency but also accelerates settlement speeds, aligning well with broader innovation goals in the region's financial infrastructure.

OSN, known for its web3-based solutions, focuses on facilitating instantaneous and secure money transfers across jurisdictions through a robust network connecting local currency stablecoins. Their mission, "Connect Globally. Move Money Freely. Exchange On-Demand," encapsulates their vision to create a truly borderless digital payment experience.

Overall, the Philippines-UAE payment corridor marks a significant shift in how businesses will manage their finances across borders, with the potential to reshape the traditional banking landscape into a more efficient and cost-effective model that supports commerce, trade, and economic growth in both regions.

For more information on OSN and its services, visit OSN's official website.