THE Coin Deposit Machines (CoDMs) of the Bangko Sentral ng Pilipinas (BSP) have accepted over P18.8 million worth of coins with over 10,900 transactions as of July 31, 2023, a little over a month after the CoDM launch on June 20.
The latest BSP data revealed that the coins deposited into the machines were mostly credited to customers’ e-wallets, while a portion was exchanged for shopping vouchers.
In June, the BSP deployed two CoDMs at the SM Mall of Asia in Pasay City; one machine at Festival Mall in Alabang, Muntinlupa City; and one machine at Robinsons Place Ermita in Manila.
The BSP recently installed additional CoDMs at Robinsons Place Galleria in Ortigas, SM City North Edsa and SM City Fairview in Quezon City; SM City San Lazaro in Manila; SM City Bicutan in Parañaque; and SM City Bacoor in Cavite.
This brings a total of 10 CoDMs currently servicing the public. With the continued increase in deployments in key retail establishments, the BSP expects more Filipinos to enjoy the benefits offered by the CoDMs. (PR)