Coin deposit machine collections reach P1 billion | ABS-CBN
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Coin deposit machine collections reach P1 billion
Coin deposit machine collections reach P1 billion
MANILA -- Coin deposit machine collections have reached more than P1 billion, the Bangko Sentral ng Pilipinas (BSP) said in a statement.
MANILA -- Coin deposit machine collections have reached more than P1 billion, the Bangko Sentral ng Pilipinas (BSP) said in a statement.
BSP said that coin deposit machines collections have reached P1,008,889,490.24 as of October 11, more than a year since the project was launched in June 2023.
BSP said that coin deposit machines collections have reached P1,008,889,490.24 as of October 11, more than a year since the project was launched in June 2023.
More than 260 million coins have been dropped in the machines, the central bank noted.
More than 260 million coins have been dropped in the machines, the central bank noted.
Going forward, the BSP said it wants to install 25 more coin deposit machines nationwide in 2025. There are 25 currently installed in malls across the Greater Manila Area.
Going forward, the BSP said it wants to install 25 more coin deposit machines nationwide in 2025. There are 25 currently installed in malls across the Greater Manila Area.
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Filipinos can put their spare change in coin deposit machines and have the total amount added to their GCash, Maya, or GoTyme bank accounts. They can also be converted into shopping vouchers.
Filipinos can put their spare change in coin deposit machines and have the total amount added to their GCash, Maya, or GoTyme bank accounts. They can also be converted into shopping vouchers.
BSP said this recirculates coins back into the economy while promoting cashless transactions.
BSP said this recirculates coins back into the economy while promoting cashless transactions.
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