BLOCKCHAIN-BACKED digital wallet Coins.ph said on Monday it partnered with 7-Eleven, operated by Philippine Seven Corp., for cash-in transactions at the latter’s more than 3,000 stores nationwide.
“With this collaboration, over 15 million Coins.ph customers can add funds to their wallet in real time via 7-Eleven,” Coins.ph said in an e-mailed statement.
“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 added.
Philippine Seven President and Chief Executive Officer (CEO) Jose Victor P. Paterno said the two companies are just actually “bringing back” their cash-in partnership.
Coins.ph CEO Nauman Mustafa said: “We are continuously adding new services within Coins.ph to help Filipinos complete their transactions conveniently using their phone as their wallet.”
Coins.ph’s services include prepaid loading for Philippine and international mobile numbers, bill payments, local and international remittances, game credits purchase, online shopping, and buying and selling virtual assets.
“All cash-in transactions via 7-Eleven are subject to a minimal partner fee equal to 2% of the transaction amount for service maintenance,” it said. — Arjay L. Balinbin