Coin deposit machines gain traction, reaching over P18.8M deposits since launch in June

calendar_today August 7, 2023 schedule 3 min read

The Bangko Sentral ng Pilipinas (BSP)’s Coin Deposit Machines (CoDMs) have started to gain traction, with a number of Filipinos heeding the central bank’s call to address the artificial coin shortage in certain areas of the country by depositing their idle coins in these machines. As of July 31, 2023, the BSP reported that the […]

News, Payment

BSP, retail partners launch CoDM Project in various malls throughout the country

calendar_today July 19, 2023 schedule 3 min read

In an effort to increase coin circulation nationally, the Bangko Sentral ng Pilipinas (BSP) and its retail partners recently installed Coin Deposit Machines (CoDM) in various mall outlets throughout the country. The initiative aims to persuade the public to conveniently deposit their unneeded coins at exchange facilities that are conveniently positioned in a few malls. […]