Peppermint has been granted a license to operate as an Electronic Money Issuer (EMI) by the Central Bank of the Philippines, in one of the biggest regulatory milestones achieved by the Company.
The EMI license authorises the Company to deliver e-wallet services through its bizmoto mobile App – allowing any Filipino, not just bizmoto agents, to use the bizmoto platform to receive digital money and access digital services.
“The issuance of an EMI licence for Peppermint will, ultimately, deliver significant value to the Company,” says MD & CEO Chris Kain.
“Clearly, the digital revolution is with us and the bizmoto platform can now facilitate any e-money transaction and service open-loop e-wallet accounts, providing Filipinos with a convenient and secure way to receive digital money and services.
“Every Filipino has the opportunity to access a wide range of goods and services from the bizmoto platform, as well as apply for a bizmoPay loan, which gets paid directly to their bizmoto e-wallet to enable seamless transactions across the bizmoto ecosystem.”