The cardholders of government-owned Land Bank of the Philippines led by bankero Cecilia Borromeo can now transact at ATMs in selected 7-Eleven convenience stores any time without fees.
“Landbank continues to intensify efforts toward advancing greater financial inclusion nationwide. We will extend our network further to expand financial access and provide a convenient banking experience to our customers,” the bankero said.
Using Landbank Cash Cards, Regular ATM Cards, and Debit Cards, cardholders can perform cash withdrawal and balance inquiry for free from over 1,500 7-Eleven ATMs, initially available in Metro Manila, CAMANAVA, CALABARZON, Pampanga, Bataan and Cebu.
This innovation to expand the Bank’s touchpoints and reach was made possible through Landbank’s recent partnership with Pito Axm Platform Inc. (PAPI), the operator of 7-Eleven ATMs in the Philippines.
Landbank plans to make available more banking features in the future via the 7-Eleven ATMs, including cash deposits and fund transfers.
The state-run bank also targets to tap a total of 3,000 7-Eleven ATMs nationwide by the end of the year.
The addition of 7-Eleven ATMs complements Landbank’s own physical network of 678 Branches, 2,810 ATMs, and 58 Lending Centers as of end-April 2022.
The partnership forms part of Landbank’s commitment to provide wider access to its banking products and services nationwide, in line with serving the development requirements of various key economic sectors.