ATM: Automated Tao Machine

During the recently concluded community day organized by BDO in various towns of Bataan and Palawan, one of the services that proved beneficial to MSMEs was Cash Agad. This financial solution, a partnership between BDO and businesses like sari-sari stores and general merchandise stores, presented opportunities for MSMEs to enhance their earnings and strengthen their financial standing.

CASH AGAD: The Automated Tao Machine that provides assistance to MSMEs

Cash Agad offers cash withdrawal services in remote areas where traditional bank branches are not readily available. BDO refers to this service as the 'automated tao machine,' as partner agents, instead of electronic ATMs, provide the much-needed cash directly to the customers. This innovative approach brings much-needed financial access to remote communities, boosting economic activity and empowering local businesses.

CASH AGAD partner stores serve as ATMs in the community stores located far from banks.

Cash Agad is anticipated to drive an increase in the income of MSMEs, thanks to the following factors:

Enhanced customer loyalty through added services:

By providing a swift and convenient means to withdraw salaries, remittances, or pensions for BDO account holders, the presence of Cash Agad in a store becomes highly attractive to community members. As a result, customers are more likely to choose a store offering Cash Agad services for their cash withdrawal needs. Furthermore, this increased footfall may lead to additional sales, as customers often opt to purchase their daily necessities from the same store.

Supplementary earnings from service fees:

Apart from the potential boost in customer traffic, MSMEs stand to earn additional revenue through service fees charged for Cash Agad transactions. As customers avail themselves of the convenient cash withdrawal facility, a portion of the service fee is directed to the participating store, adding to their overall earnings and further contributing to their financial growth.

The Cash Agad partner agent earns a service fee for each customer withdrawal transaction, and these accumulated fees contribute to their overall monthly earnings. Moreover, the customer's withdrawn amount, along with their share of the service fee, is automatically deposited into the Cash Agad partner agent's enrolled BDO account.

For further details about the Cash Agad service, visit https://www.bdo.com.ph/personal/remittance/remittance/cash-agad. If you are interested in becoming a Cash Agad partner-store, you can inquire at the nearest BDO Unibank or BDO Network Bank branch in your area.