Seven Bank: ATM business started in the Philippines: Installed at all stores in a few years
Manila
March 04, 2020
Seven Co. Philippines:
Seven Corporation of the Philippines announced that it has signed an agreement with Pito AxM Platform on February 10 for a “tie-up agreement to install ATMs at Seven-Eleven stores.”
ATM business:
Seven Bank will also launch its ATM business in June this year.
Within a few years, ATMs will be installed in all Seven-Eleven countries in the Philippines.
There are 2,726 Seven-Eleven stores in the Philippines (as of the end of September 2019).
The most convenient store in the Philippines.
Bank of the Philippines (BAP):
The number of ATMs installed per population is the lowest in the Philippines among Southeast Asian countries.
The Philippines has 20 ATMs per 100,000 population.
94 ATMs in Thailand,
49 ATMs in Singapore,
45 Malaysian ATMs,
Low compared to 40 in Indonesia.
World Bank: Survey Results (as of 2018)
Only 34.5% of Filipinos aged 15 and over have a bank account.
-JETRO
https://www.jetro.go.jp/biznews/2020/03/c2ffdc072591e66a.html