It authenticates bank notes and issues a receipt, with customers receiving the converted amount in peso bills and coins.
Option for accessing pesos
BDO executive vice president and head of Branch Banking Group Cora A. Mallillin said the machine gives travelers another option for accessing pesos upon arrival.
“Travelers today expect convenience at every touchpoint of their journey. With the launch of the Currency Exchange Machine, we’re giving customers greater flexibility and control over their Forex needs,” Mallillin said.
To use the machine, customers select the currency, accept the terms and conditions, scan their passport for identity verification, insert their foreign bills and confirm the peso amount. The machine then dispenses the converted pesos and prints a transaction receipt.
BDO said the machine is intended to provide an automated option for foreign exchange transactions at the airport as travelers arrive in the country.
“Travelers today expect convenience at every touchpoint of their journey,” Mallillin said. “With the launch of the Currency Exchange Machine, we’re giving customers greater flexibility and control over their Forex needs. In just a few simple steps, they can securely access peso[s] with no delays.”