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Manila Bulletin devider Business devider Banking & Finance devider BSP doubles down on coin deposit machines with 25 new units

BSP doubles down on coin deposit machines with 25 new units

Published Nov 25, 2025 06:00 pm  |  Updated Nov 25, 2025 04:40 pm

At A Glance

  • PANGLAO, BOHOL — While still in the middle of suspension, the Bangko Sentral ng Pilipinas (BSP) is eyeing the rollout of 25 additional coin deposit machines (CoDMs) by mid-2026, doubling the volume of suspended units as demand outside Metro Manila heightens.
PANGLAO, BOHOL — The Bangko Sentral ng Pilipinas (BSP) plans to roll out 25 additional Coin Deposit Machines (CoDMs) by mid-2026, effectively doubling the current fleet of suspended units as demand heightens outside Metro Manila.
On the sidelines of the inaugural Central Bank Symposium (CBS) on Monday, BSP Deputy Governor Bernadette Romulo-Puyat revealed the central bank’s procurement of the extra 25 CoDMs, bringing the total number of machines to 50 by the target date.
“We have ongoing procurement, so next year we should have 50 machines. We can also deploy the existing units to other provinces, like Cebu or Pampanga, because they’ve been asking for them,” Romulo-Puyat told reporters on Monday, Nov. 24.
Romulo-Puyat, who oversees the BSP’s regional operations and advocacy sector, said the CoDMs will be redeployed once the ongoing suspension is lifted, with the BSP aiming for mid-2026 due to the lengthy procurement process.
While Romulo-Puyat noted that Metro Manila will “probably be the first area of deployment because people are already looking for it,” the BSP wants to prioritize deployment in areas outside the capital.
Beyond provinces in North Luzon, the BSP is considering distributing some of the current 25 machines to the Visayas and Mindanao regions to ensure the units are not concentrated solely in Metro Manila. Romulo-Puyat suggested that about five units could be distributed to other areas initially to spread access and test the market.
The central bank halted the operation of its 25 machines, installed in select malls in the Greater Manila Area, two years after their initial rollout in June 2023. The temporary suspension is part of the central bank’s campaign to boost the recirculation of coins in the financial system.
Romulo-Puyat previously cited jamming, full capacity, and internet connectivity as primary issues that rendered the units unavailable for continuous operation. The BSP is addressing these concerns before the machines resume operation.
Customers can deposit coins into the CoDMs, which then credit the corresponding value directly to the depositors’ e-wallets at no cost.
The BSP has also been in discussions with both malls and banks regarding efficient ways to recirculate the coins deposited into the machines. Romulo-Puyat noted that other private sector players have also expressed interest in acquiring CoDMs.
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