CONVENIENCE store brand 7-Eleven, operated by the Philippine Seven Corporation (PSC), announced the expansion of its ATM network to cover a total of 1,000 stores in Metro Manila, Cavite, and Laguna.
These additional ATMs will now provide more people with convenience to access their cash safely, conveniently, and on a 24/7 basis.
This also means that customers need not line up at overcrowded bank and mall-based ATMs, especially with the impending release of employees’ 13th-month pay and year-end bonuses this holiday season.
“Installing ATMs in more stores is one of the key pillars of our Convenience Plus strategy. Convenience Plus has been our approach to meeting more customer needs since the start of this pandemic. Our stores now offer not only a wider assortment of merchandise, but we are also leveraging our store network to offer bills payments, e-wallet cash-ins, and other financial services to serve our communities better,” Jose Victor Paterno, President and CEO, Philippine Seven Corporation (PSC), told FrontpagePH.com.
By the end of this year, PSC, in partnership with Pito AxM Platform, Inc. (PAPI), a wholly owned subsidiary of Seven Bank Ltd. of Japan, shall have its ATMs activated in 1,200 7-Eleven stores in NCR and major markets in Luzon, Paterno added.
By the end of 2022, PSC said the ATMs will also be available in the cities of Cebu, Cagayan de Oro and Davao, where the alliance of the two companies will help cater to and expand its presence in the underserved segments of the market.
“The ATMs provide an innovative solution to the cash management requirements of our 7-Eleven stores. The sales are deposited by our store operators and the ATMs ‘recycle’ the cash to fund withdrawals of the customers of the different banks. This also creates a lot of value to the individual bank account owners because of the convenience of having ATMs available 24/7 in a safe and secured location,” said Lawrence De Leon, PSC Head of Finance.
Tsuneo Nagashima, Chairman of PAPI, for his part, stated “We are very grateful to PSC and our many other partners for their support in reaching this milestone of 1,000 ATMs installed. Yet this is just the beginning. We look forward to delivering the safety and convenience of our ATM service in many more 7-Eleven stores as we grow the install base.”
Masanori Sakaguchi, President of PAPI mentioned that the more ATMS they install, the higher the expectations of their customers grow. “We are committed to working hard every single day together with our partners including PSC to continuously improve our ATM services for better customer experiences. Together we can.”