711 ATM

711 Rolls Out Cash Recycling ATM Machines In Their Stores

711 ATM
credits: Viper

The Philippine Seven Corp is set to roll out “ATM Cash Recycling Machines” in their stores nationwide in the first half of 2021 adapting and modeling 711 stores in Japan. The ATM recycling machines will function to receive deposits as well as withdrawals.

711 ATM
credits: ABS-CBN

This move will surely impact the Philippine market by providing a more convenient way to banking. Skipping the lines and regular banking hours. Depositors will be able to transact 24 hours and 7 days a week.

Partners such as BDO provides their depositors withdrawals and balance inquiries for free. Other banks are following the trend. About 3000 ATMs are set to be rolled out at the end of 2021 nationwide.

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