Coins.ph, a blockchain-backed digital wallet, said it will leverage 7-Eleven’s over 3,000 branches in the Philippines to enable cash-in for its customers.
According to Coins.ph, at present it has 15 million customers, who can add funds in three ways: via the Coins.ph Wallet app, wherein customers can generate a 7-Connect barcode that they will present to the cashier to scan and make a payment. Customers can also use the CLiQQ kiosk in-store to generate a barcode to present to the cashier and make a payment. This option works best for customers who do not have mobile data or are not bringing their phone to the store. Customers who have the CLiQQ mobile app can use its “Add e-Money” option and present the generated barcode to any 7-Eleven cashier for payment.
All cash-in transactions via 7-Eleven are subject to a minimal partner fee equal to 2% of the transaction amount for service maintenance.
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“Bringing back this cash-in partnership is a joint effort at continuously finding ways to provide the best service to our customers,” said Jose Victor Paterno, president and CEO, Philippine Seven Corp.
Regulated by the Bangko Sentral ng Pilipinas, Coins.ph provides customers with direct access to digital financial services, including prepaid loading for Philippine and international mobile numbers, bill payments, local and international remittances, game credits purchase, online shopping, and even buying and selling virtual assets anytime, anywhere. It is free to sign up for an account via the Coins.ph website or by downloading the app on Google Play or the App Store.
“Coins.ph’s goal is to provide financial access and inclusion to communities across the country. We are continuously adding new services within Coins.ph to help Filipinos complete their transactions conveniently using their phone as their wallet,” said Nauman Mustafa, CEO of Coins.ph.