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BDO Network Bank’s ATMs now accept VISA, KFTC cards

BDO Network Bank, the rural banking arm of BDO Unibank, announced that its network of Automated Teller Machines (ATMs) now accepts VISA and KFTC (Korea Financial Intermediaries and Clearing Institute) International cards.

This allows the bank to serve the cash requirements of more ATM cardholders with internationally-issued cards.

VISA and KFTC cardholders can already withdraw and check their account balance from any BDO Network Bank ATM nationwide. The rural bank has over 250 strategically located ATMs in Luzon, Visayas, and Mindanao.

BDO Network Bank President J. Antonio S. Itchon said this development can benefit foreigners who frequent major tourist spots where BDO Network Bank is also present.

He added that, the enhancement of KFTC International Card acceptance will also benefit Korean nationals visiting and residing in the country. Koreans account for the country’s top foreign arrivals since 2010.

In 2018, around 1.62 million Koreans visited the Philippines, besting Chinese and Americans tourists who came in only second and third, respectively. The Philippines is also home to more than 100,000 Korean migrants.

 “The widening variety of ATM acceptance complements our continuous expansion, which in turn is part of our thrust to reach more unserved and underserved markets,” Itchon said.

BDO Network Bank targets to double its number of branches in the next four years as it intensifies its lending to micro, small and medium enterprises (MSME). Apart from VISA and KFTC, BDO Network Bank ATMs also accept Mastercard, Maestro, Cirrus and Bancnet cardholders.


Source: Manila Bulletin (https://mb.com.ph/2020/08/26/bdo-network-banks-atms-now-accept-visa-kftc-cards/?utm_source=rss&utm_medium=rss&utm_campaign=bdo-network-banks-atms-now-accept-visa-kftc-cards)

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