The acquirer-based fee charging (ABFC) for automatic teller machines (ATMs), which took effect last April 7, is likely to drive more ATM deployment in underserved areas in the country, according to the Bangko Sentral ng Pilipinas (BSP).

During a virtual briefing on Thursday, BSP Governor Benjamin Diokno said ABFC aims to address some of the challenges in financial access, particularly the declining growth in ATM terminals and the limited availability of ATM terminals in the provinces.

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