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 / payment centres to undertake cash-in, fund transfers and payments.
The Dragonpay agreement will immediately connect bizmoto to a raft of major commercial banks such as BDO, Metrobank, Unionbank, UCPB, Landbank, Bank of the Philippines, RCBC, Eastwest, AUB, Chinabank and Robinsons Bank – a task that would have taken significant time and resources to achieve individually.
Furthermore, the Dragonpay deal connects bizmoto to the established e-wallets of Paymaya, GrabPay, Coins.ph and CASHU, and over-the-counter pawnshops, remittance and payments centres such as Cebuana Luillhier, LBC, Bayad Center, ECpay, RD pawnshop, MLhuillier, Palawan Pawnshop, Villarica, PeraHUB, SM bills Pay, SM Savemore, Robinsons Supermarket, and PNB Global Remit.
Under the agreement with Dragonpay, bizmoto agents, merchants and bizmoGo riders will also now be able to receive payments from any customer using Dragonpay, thereby significantly expanding the digital payment options for bizmoto customers.
“This is a huge deal for Peppermint and will allow any bizmoto agent to immediately start collecting digital payments from any customer that is connected to Dragonpay’s extensive network of partners,” says Peppermint’s Managing Director and Chief Executive Officer, Chris Kain.
“Our aim is to have all of the necessary technical and system integration complete to enable a first phase ‘go-live’ date in Q1 2022”.
Read the full ASX Announcement.