7-Eleven installs ATMs in over 500 stores

Published August 23, 2021, 3:34 PM

by Bernie Cahiles-Magkilat

7-Eleven, the country’s leading convenience store chain, announced it has installed ATMs in over 500 stores in the National Capital Region and Cavite as its seeks to provide more ease to consumers.

In a statement, Jose Victor Paterno, President and CEO, Philippine Seven Corporation, said more people within Metro Manila and Cavite can now withdraw cash at over 500 7-Eleven stores. This partnership with Pito AxM Platform, Inc. (PAPI), a subsidiary of Seven Bank, Ltd. (Seven Bank).

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PSC already has plans to continue installing more ATMs in the remaining 7-Eleven stores in NCR (CaMaNaVa, Muntinlupa, Las Pinas, and other areas within Cavite).

“With the threat of COVID-19 still present, and the continuing implementation of community quarantines, the need for easy access to financial services is paramount. Now, more Filipinos can withdraw cash at ATM machines in over 500 7-Eleven stores,” said Paterno.

Paterno further noted that ATMs at 7-Eleven stores currently have the lowest transaction fee for cash withdrawals compared to transacting at another bank’s ATM. “We want to offer our customers the most convenient service, which is why we also want them to save on transaction fees they would have otherwise spent when withdrawing at another ATM,” Paterno added.

Apart from allowing customers to withdraw cash from any of its partner banks, the ATMs at 7-Eleven stores have a unique feature of adapting the ATM interface depending on the customer’s bank, making it easy for customers to use.

The installation of ATMs in 7-Eleven stores began on February 22 this year. By June, 300 7-Eleven stores had the ATMs installed. PSC plans to expand coverage to 1,000 stores by the end of 2021, with the end goal of covering all existing 7-Eleven stores in the future.

 
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