BDO Network Bank, the rural banking arm of BDO Unibank, has announced that its network of Automated Teller Machines (ATMs) now accepts VISA and KFTC (Korea Financial Intermediaries and Clearing Institute) International cards, allowing the bank to serve the cash requirements of more ATM cardholders with internationally-issued cards.
VISA and KFTC cardholders can already withdraw and inquire their account balance from any BDO Network Bank ATM nationwide.
The rural bank has over 250 strategically located ATMs in Luzon, Visayas, and Mindanao.
J. Antonio S. Itchon, BDO Network Bank President, said this development can benefit foreigners who frequent major tourist spots where BDO Network Bank is also present.
The enhancement of KFTC International Card acceptance, he added, 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.