#711 Philippines

The Philippine Seven Corporation (PSC), an exclusive licensor of 7-Eleven in the Philippines, has started rolling out cash-recycling ATMs that accept cash deposits in select 7-Eleven stores in Metro Manila. According to PSC, this partnership shall establish the largest cash-recycling ATM network in the Philippines. There are few of them in the Philippines because they are considerably more expensive than withdrawal-only ATMs. "We have seen the increased demand for ATM access in the Philippines, especially under the current environment. Seven Bank operates more than 25,000 ATMs in Japan, while PSC now has 2,978 stores in the Philippines as of December 31, 2020. However, OnePlus' operations in other markets, including India and the Philippines, will remain unaffected. According to a local report, Digital Walker, OnePlus' official distributor in the Philippines, confirmed that local operations are unaffected by the move. Photo: insiderph.com "By enabling partners to facilitate barcode-enabled deposits and withdrawals, as well as account openings and product applications just by scanning a QR code, we are bringing full-service banking to any community in the Philippines—even the most remote islands," said Rally Jereza, head of BPI Agency Banking. Read more in our articles including "7-Eleven PH rolls out cash-recycling ATMs in select stores" and "OnePlus exits US, Europe markets; PH operations to continue".