7-Eleven Philippines to Launch Cash Recycling ATMs

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February 14, 2020 – Soon, Filipinos can conduct real-time cash deposits and withdrawals in 7-Eleven outlets in the Philippines, to be made possible by its “cash-recycling” ATMs.

According to Philippine Seven Corporation, it inked an agreement with the Japanese PITO AxM Platform (PAPI) to deploy “cash-recycling” ATMS in 7-eleven outlets across the country, with the intention that all outlets will have such ATMs in the future.

These ATMs can dispense banknotes of 7-Eleven and PAPI partner banks and of course, can be accessed 7 days a week.

Philippine Seven Corporation (PSC) is the franchise holder of 7-Eleven, owned by 7-Eleven Japan, which counts PAPI and the Seven Bank as its subsidiaries.

According to PSC president Jose Victor Paterno, the rapid growth of payments made by Cliqq payments inside 7-Eleven stores is a mark that the increasingly digitized economy provides demand for digital cash. He also noted that after the ATM, 7-Eleven will be building more services on top of its outlets, recycling ATMs, and the Cliqq app.

Source: GMA News


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A business ad graduate from the Pamantasan ng Lungsod ng Maynila, Mike is the website manager of Bitpinas.com. He is responsible for almost every content you see on the site, from topic/news selection to editing of articles. Mike believes correct information about blockchain and cryptocurrency can empower people to make accurate decisions about the industry, which, in turn, should deter bad actors from taking advantage of crypto & blockchain. [Telegram @mikemislos]