June 2022 Quarterly Activities Report and Operational Update
Peppermint Innovation is pleased to deliver its Quarterly Activities Report and Operational Update for the period ended 30 June 2022.
Key achievements during the April – June period
- Electronic Money Issuer (“EMI”) licence granted by the Central Bank of the Philippines in one of the biggest regulatory milestones ever achieved by the Company
- bizmoto user platform technically refined to allow third parties to empower InstaPay and PesoNet settlement functionality which are required to cater for planned EMI pilot program
- Financial education platform being developed to improve financial literacy and wellbeing of bizmoto agents and local Filipino community
- Went ‘live’ with the Bank of Philippines (“BPI”) “cash-in” offering via the bizmoto platform
- Integration of “cash-in” offering with Cebuana Lhuillier and ECPay expected to go ‘live’ soon
- A strong 102% growth in total bizmoPay loans approved during June Quarter
- Removed all convertible note debt from the Company balance sheet
- Ended June ’22 Quarter with $5.5 million at bank
Learn more about this report
Take a read of the full June 2022 Quarterly Activities Report and Operational Update.
