Addressing the needs of customers who prefer an over-the-counter option, Philippine blockchain-backed digital wallet Coins.ph is re-enabling cash-in transactions through any of 7-Eleven’s more than 3,000 branches in the Philippines.
“In the same way that 7-Eleven fulfills people’s everyday needs through goods sold and services rendered in our branches, Coins.ph also offers financial services for everyday transactions such as buying load, paying bills, and more. Bringing back this cash-in partnership is a joint effort at continuously finding ways to provide the best service to our customers,” said Philippine Seven Corporation President and CEO Jose Victor Paterno in a press statement.
Increasing financial inclusion
With this collaboration, over 15 million Coins.ph customers can add funds to their wallet in real time via 7-Eleven in three ways. The first is 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.
The 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.
Meanwhile, customers who have the CLiQQ mobile app can utilize its “Add e-Money” option and present the generated barcode to any 7-Eleven cashier for payment.
This partnership is aligned with Coins.ph’s mission to increase financial inclusion across Southeast Asia and supports the company’s ongoing efforts in making the wallet services more accessible for both the banked and unbanked.
“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 Coins.ph CEO Nauman Mustafa.
All cash-in transactions via 7-Eleven are subject to a minimal partner fee equal to 2% of the transaction amount for service maintenance. Coins.ph is reminding customers to be mindful of their area’s quarantine restrictions to ensure their safety amid the pandemic.
