The company’s re-listing comes at the perfect time as it scales up in its core market.
Fintech company Peppermint Innovation (ASX:PIL) is focused on scaling up its Asia-based payments platform as it prepares to re-join the ASX boards today.
The re-listing caps off a busy 18 months for the company, which has been growing revenues in its core market of the Philippines via its bizmoto platform.
Peppermint Innovation has signed a significant cash-in, fund transfers and payments agreement with Dragonpay, one of the Philippines’ largest and most reliable online payment gateway platforms. The deal will allow the bizmoto platform to become a “merchant” within the Dragonpay platform, providing immediate access to its massive network of banks, EMI-wallet providers and remittance /…
Bizmoto’s partner agreements during the quarter will expedite its foray into the Philippines’ huge under-banked market. Fintech company Peppermint Innovation (ASX:PIL) has had a very productive quarter, after being reinstated to the ASX in February. The relisting follows the company’s heavily oversubscribed capital raise, which managed to bring in a total of $2.5 million, after…
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,…
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Our pilot bizmoPay program has rapidly expanded in the past few weeks with more than 150 bizmoto agents now trialling our non-bank micro-enterprise loan offering. We have experienced significant demand from our bizmoto agents to be part of the initial three-month pilot program and we are diligently working our way through dozens of additional applicants…
An important goal of our bizmoPay lending program is to build a community of engaged agents who are experiencing unique value, frequently transacting and becoming increasingly loyal to the brand. According to Peppermint CEO Chris Kain: “Our agents are initially attracted because of our small, micro-enterprise loans but it is the community aspect of the…