Coins.ph Launches Password-Free Payments with 5 Daily Transaction Cap
Coins.ph introduced Link & Pay, a tokenized payment feature that eliminates password re-entry after first-time setup. The platform caps automatic transactions at 5 per day with individual limits of ₱1,085 ($18) per transaction and ₱5,423 ($90) daily spending.
Key Takeaway
Coins.ph eliminates login friction for repeat purchases while capping daily auto-pay risk at ₱5,423 ($90).
Coins.ph built Link & Pay around a tokenization system that replaces login credentials with secure digital tokens. Instead of handing merchants actual account details, Coins.ph generates a unique token through the new feature — think of it as a high-tech digital valet key that authorizes payments without exposing sensitive data.
Link & Pay sets three automatic payment guardrails: individual transactions cap at ₱1,085 ($18) equivalent, daily spending tops out at ₱5,423 ($90) equivalent, and users can complete 5 successful transactions per day before the system requires re-authentication. The feature works through the platform's PHP balance, letting merchants automate collections via direct debit from Coins.ph wallets.
The upgrade addresses a friction point in Coins WebPay, the platform's existing merchant integration. Coins.ph said WebPay requires a login for every single purchase, while tokenized payments only require it the first time — after that, it's automatic. This matters for the platform's 18.6 million registered users in the Philippines who treat the app as both a crypto exchange and mobile wallet.
Coins.ph operates under three Bangko Sentral ng Pilipinas licenses covering Virtual Asset Service Provider status, Electronic Money Issuer authorization, and foreign exchange remittance — making it the first crypto-based company in Asia to secure both Virtual Currency and Electronic Money Issuer permits from a central bank. The regulatory infrastructure supports fully compliant fiat-stablecoin operations that underpin Link & Pay's merchant payment rails.
Coins.ph raised ₱1.81 billion ($30 million) in Series C funding led by Ribbit Capital in May 2022, with co-founders Ron Hose and Runar Petursson securing earlier backing from Naspers Ventures. Link & Pay currently supports only PHP balance payments with automatic password-free limits locked at 5 transactions daily as of March 2026.
