Philippine Seven Corporation (PSC), which operates 7-Eleven in the Philippines, continues to deliver safe and convenient banking wherever its customers may be in the country, 24/7.
In line with fulfilling this mission, the PSC announced that it has installed its 2,000th ATM at a 7-Eleven store in Davao City, noting that the installation is part of its plan to deploy additional cash-recyclers in over 2,500 7-Eleven stores nationwide by the end of 2022.
IMAGE CREDIT: https://www.7-eleven.com.ph
In a press statement, the company said that the installation is the first ATM at a 7-Eleven store in the city and that it has been made possible through Pito AxM Platform Inc. (PAPI), the local subsidiary of Japan’s Seven Bank, Ltd. The company added that their expansion plan is right on track and that customers can expect more partnerships with other local banks to be announced soon.
“We started the expansion of our ATM network in the Visayas last June, and we now have over 150 ATMs installed across stores in Cebu City,” said Jose Victor Paterno, president and CEO of PSC, in a statement.
“Now, we are proud to provide ATM coverage in the island of Mindanao, marking our latest milestone in our effort to provide ATM convenience to our communities nationwide,” he added.
Providing a pioneering solution as demand for ATM accesss grows
In February 2020, the PSC and PAPI had entered into a partnership agreement that would allow for the installation, operation, and maintainance of ATMs at 7-Eleven stores in the Philippines.
Each of these machines will equipped as cash-recyclers that will automate the process of accepting and dispensing cash. The machines were to be designed so that it can also change the ATM screen interface depending on the customer’s bank for familiarity and a better customer experience.
“The ATMs offer a pioneering solution to our cash handling requirements. There is no need to go to the bank to deposit sales for the day, allowing store operators to focus more on serving our customers. Our deposits then fund the withdrawals of both bank and non-bank clients,” said Lawrence De Leon, PSC’s head of finance.
“This (ATM) innovation will bring us closer in fulfilling our mission of providing modern convenience in the communities where we are present,” he adds.
For his part, Masanori Sakaguchi, president of PAPI, said, “The demand for ATM access in the Philippines continues to grow as we have observed during the past few years. We hope to make bank transactions more accessible and practical for Filipinos from the different areas, which is why we intended to start our installations in Mindanao before the end of 2022.”
As part of this latest innovation, cardholders of BDO and the PSC’s newest partner bank, Land Bank, can now enjoy free withdrawals at any 7-Eleven stores.
Meanwhile, the P10 fee that 7-Eleven charges for other banks remains the lowest withdrawal fee in the market, according to the PSC.