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Latest: SinglifeNextGen redefines legacy: Digital whole life plan offers Filipinos up to ₱6-M in coverage Latest: Tech for better business: How technology is transforming commerce in the Philippines Latest: Blockchain enters public works: PH tests digital budget tracking system Latest: Diwa AI showcases the future of research at IGNITE 2025: Gateway ASEAN Latest: Google’s ‘Quantum Echoes’ scores breakthrough on Willow Chip: a leap toward real-world discovery Yesterday: BSP cuts key rate as inflation eases while external pressures persist Yesterday: Tonik accelerates growth via TSE startup program Yesterday: SEC sounds alarm on rise of unauthorized online investment schemes Yesterday: CIBI unveils advanced tier solution to help banks and lenders make smarter credit decisions Latest: SinglifeNextGen redefines legacy: Digital whole life plan offers Filipinos up to ₱6-M in coverage Latest: Tech for better business: How technology is transforming commerce in the Philippines Latest: Blockchain enters public works: PH tests digital budget tracking system Latest: Diwa AI showcases the future of research at IGNITE 2025: Gateway ASEAN Latest: Google’s ‘Quantum Echoes’ scores breakthrough on Willow Chip: a leap toward real-world discovery Yesterday: BSP cuts key rate as inflation eases while external pressures persist Yesterday: Tonik accelerates growth via TSE startup program Yesterday: SEC sounds alarm on rise of unauthorized online investment schemes Yesterday: CIBI unveils advanced tier solution to help banks and lenders make smarter credit decisions

coin recirculation

Photo of a Tap & Go card being used to pay for an e-jeepney ride

BSP makes cashless payments possible in open marketplaces and public transport at BARMM

By Jan Michael Carpo, Reporter Thanks to the BSP’s Digital Payments Transformation Roadmap (DPTR), commuters, PUV operators, and market vendors in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) will soon be able to take advantage of undertaking cashless payments in public markets and public transportation. How did this become possible? Digital payment transactions in […]

A man preparing to deposit coins at a CoDM located at SM Mall of Asia

BSP’s CoDMs: converting millions of idle coins into e-wallet credits and shopping vouchers

The Bangko Sentral ng Pilipinas (BSP) is encouraging Filipinos who have accumulated idle coins to convert them into e-wallet credits or shopping vouchers by using the Coin Deposit Machines (CoDM) installed at select shopping malls throughout the country.  A CoDM user prepares to deposit his coins in the CoDM located at the SM Mall of […]

Poster showing the BSP's coin deposit machines and the total amount of coin deposits made to date

BSP deploys 15 more Coin Deposit Machines, hiking total to 25 CoDMs in Greater Manila Area

​In response to growing demand, the Bangko Sentral ng Pilipinas (BSP) has deployed 15 additional coin deposit machines (CoDMs) in the last few weeks, bringing the total number of units available across the Greater Manila Area to 25. The first CoDMS was launched last June, and so far, the highest single transaction recorded among the […]