ATMs at 7-Eleven reach Davao City
PHILIPPINE Seven Corporation (PSC), the exclusive licensor of 7-Eleven in the Philippines, continues to deliver safe and convenient banking wherever you are in the country, 24/7, now with 2,000 7-Eleven stores with ATMs installed.
This marks the entry of ATMs in 7-Eleven in Davao City, made possible by the partnership with Pito AxM Platform, Inc. (PAPI), the local subsidiary of Japan’s Seven Bank, Ltd.
“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. 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,” said Jose Victor Paterno, President and CEO of PSC.
This goes to show that PSC and PAPI’s plan to deploy additional cashrecyclers in over 2,500 7-Eleven stores nationwide by the end of 2022 is right on track and customers can expect more partnerships with other local banks to be announced soon.
In February 2020, PAPI partnered with PSC to install, operate, and maintain ATMs at 7-Eleven stores in the Philippines. As part of its commitment to sustainability, these ATMs are equipped to be cash-recyclers. Each also has a unique feature of adapting the ATM screen interface depending on the customer’s bank for familiarity and ensuring great customer experience.
“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 different areas, which is why we intended to start our installations in Mindanao before the end of 2022,” said Masanori Sakaguchi, President of PAPI.
“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. This innovation brings us closer in fulfilling our mission of providing modern convenience in the communities where we are present,” Lawrence De Leon, PSC’s Head of Finance said.
Cardholders of BDO, the largest bank in the Philippines, and newest partner bank Land Bank, can still enjoy free withdrawals at 7-Eleven stores. Meanwhile, the P10 fee for other banks remains the lowest charge in the market.