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鈥檚 more than 3,000 stores nationwide.
鈥淲ith this collaboration, over 15 million Coins.ph customers can add funds to their wallet in real time via 7-Eleven,鈥 Coins.ph said in an e-mailed statement.
鈥淭his partnership is aligned with Coins.ph鈥檚 mission to increase financial inclusion across Southeast Asia and supports the company鈥檚 ongoing efforts in making the wallet services more accessible for both the banked and unbanked,鈥 Coins.ph added.
Philippine Seven President and Chief Executive Officer (CEO) Jose Victor P. Paterno said the two companies are just actually 鈥渂ringing back鈥 their cash-in partnership.
Coins.ph CEO Nauman Mustafa said: 鈥淲e are continuously adding new services within Coins.ph to help Filipinos complete their transactions conveniently using their phone as their wallet.鈥
Coins.ph鈥檚 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.
鈥淎ll cash-in transactions via 7-Eleven are subject to a minimal partner fee equal to 2% of the transaction amount for service maintenance,鈥 it said. 鈥 Arjay L. Balinbin
