Philippine Seven Corporation (PSC), the exclusive licensor of 7-Eleven in the Philippines, in alliance with Pito AxM Platform Inc. (PAPI) began installing cash recycling ATMs, which accept cash deposits via high-speed bill readers and then dispense those same bills for withdrawals, in select 7-Eleven stores in Metro Manila this February. More than thirty (30) ATMs are operational to date and a total of 320 units will be live by June. This partnership shall constitute the large cash-recycling ATM network in the country. As of this publication, PAPI has partnered with BDO Unibank Inc. (BDO). BDO account holders can withdraw and perform balance inquiries free of charge from the ATMs in 7-Eleven stores and will soon be able to use the deposit function that is currently limited to 7-Eleven store cash only. Other bank account holders through BancNet can also do withdrawal and balance inquiry transactions subject to the ATM fees charged by their issuing banks. PAPI plans to expand the number of partner banks in the near future to allow more convenient and cost-efficient banking services to more customers, with the customer interface screen adapting to that of the partner bank and thus providing a familiar interface. In February 2020, PAPI struck a business alliance with PSC, intending to install, operate, and maintain ATMs at 7-Eleven stores in the Philippines.