BSP to double coin deposit machines on strong clamor

Quick Summary:

WITH the good feedback received by the coin deposit machines (CoDMs), the Bangko Sentral ng Pilipinas (BSP) is looking to deploy 25 more machines next year.

The coins deposited could be converted into e-wallet credit and SM shopping vouchers.

The internet connection must be stable since once a depositor loads the coins into the machine, it has to be credited immediately to their e-wallet.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: Philippines

Topics: Year June Deposited Coins Machines Million Codms Coin 2024 Romulo-puyat Pieces

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-02 @ 13:08:06 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 443 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21898319

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 26 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 8 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

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Publisher ID: #37

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