For many Pinoys in Metro Manila, the acronym ATM stands for an Automated Teller Machine – but in some parts of the Visayas and Mindanao, an ATM could also mean the very ingenious Automated Tubig Machine.
An ATM, as the title suggests, is a self-service coin-operated water vending machine. And I was lucky enough to try one during my visit in Cebu last year.
The machine looks simple enough to operate. Just insert the coin into the slot and wait for the cold purified water to come out of the spout.
Some machines take just one-peso and dispenses enough water to fill a glass. While some, like this one, takes in five-peso coins and gives almost half a liter of refreshingly cold water.
There’s plenty of this in Cebu, which you can never miss standing along the sidewalks. And according to the guy who owns this particular machine, there’s also lots of this in other parts of the country.
And so I did a little research and discovered that this innovation was the idea of Filipino entrepreneur, Ted Bergado. He is the founder of Automatic Tubig Machine (ATM) Water Venture Corporation and actually offers franchising for these machines.
Now that’s something to think about if you want a vending machine business today.