Philippine Seven Corporation announced that it has partnered with PITO AxM Platform, Inc., a wholly-owned subsidiary of Seven Bank Ltd. of Japan, in an agreement that will equip 7-Eleven stores across the country with a pioneering and innovative ATMs that can facilitate both real-time cash deposits and withdrawals. Under the agreement, cash-recycling machines will be deployed in 7-Eleven stores in the Philippines to provide customers with convenient access to ATM services. The deployment of the ATM's is slated to begin in June 2020 and is expected to be in all stores in the next few years. Among the features of the ATM's is a cash recycling function that enables the machines to dispense banknotes deposited by the 7-Eleven stores and customers of PAPI partner banks. All ATM cardholders can benefit from there ATMs 24 hours a day, 7 days a week. Both companies will initially offer basic ATM services upon the start of the project, but they are also aiming to provide new services through PAPI's ATM platform in the future as well.