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7-Eleven starts roll-out of 320 in-store ATMs

Published March 5, 2021, 3:11 PM
Philippine Seven Corporation (PSC), the exclusive licensor of 7-Eleven in the Philippines, in alliance with Pito AxM Platform, Inc. (PAPI), a Philippine subsidiary of Seven Bank, Ltd. of Japan (Seven Bank), began installing cash recycling ATMs which accept cash deposits via high-speed bill readers and then dispense those same bills for withdrawals, in select 7-Eleven stores in Metro Manila this February.
In a statement, the company said that more than 30 ATMs are operational to-date and a total of 320 units will be live by June. This partnership shall constitute the largest cash-recycling ATM network in the country.
“Cash-recycling ATMs are standard in Japan, because it reduces the need to deliver cash and provides a reliable and convenient experience for receiving deposits. There are few of them in the Philippines, because they are considerably more expensive than withdrawal-only ATMs. Seven Bank’s model of allowing several ban ....

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South Korean Investment Giant Acquires Stake in Upbit's Operator

Last Updated: 05 February 2021
Upbit, one of South Korea’s top cryptocurrency exchanges, looks set to welcome a new shareholder. This week, The Korea Herald reported that Hanwha Investment and Securities, a securities investment company, had reached a deal to acquire a stake in the exchange’s parent company.
Improving Its Commitment to the Digital Asset Space
Hanwha Investment and Securities, a subsidiary of the Seoul-based financial services firm Hanwha Group, has agreed to terms to purchase 2.06 million shares of Dumamu, Upbit’s operator. The report values the deal at 58.3 billion won ($52.24 million) and it would see the investment firm acquire a 6.15 percent stake in the exchange operator. ....

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