Peppermint Innovation’s Managing Director Chris Kain was recently interviewed by ASX-news service Stockhead about his outlook for Peppermint in 2023 and what investors can expect to see in the year ahead.
What was said in the interview?
He said 2022 was truly a transformational year for Peppermint, with the award of its Electronic Money Issuer licence, its partnership with one of the world’s leader in digital payments, Visa, and the signing of its first EMI services agreement with the Philippines’ largest regional cooperative, MASS-SPECC.
In 2023, we will be looking to capitalise on our achievements from last year by identifying additional strategic opportunities to create partnerships to increase bizmoto user and platform engagement.
We will soon be issuing bizmoto Visa cards to our users that are directly tied to a bizmoto wallet. This will allow users to transact using Visa’s global payment infrastructure, and it will also allow users to directly transact with our bizmoLoan program and products – thereby empowering them to make regular e-commerce and online transactions.Peppermint’s MD & CEO, Chris Kain
EMI agreements and programs
Like our recently signed agreement with MASS-SPECC, where we’re looking to roll-out EMI financial services to their 1.6 million members over time, we’re also looking to sign-up additional EMI service agreements and programs which deliver the same community digital solution via our bizmoto platform.
These programs will allow users to complete “cash-in” and “cash-out” transactions, transfer direct from the bizmoto wallet to another bank account as well as access other e-wallet financial services – all directly from the bizmoto wallet.
In addition, we are also collaborating with MASS-SPECC to identify how bizmoto can offer co-operative products and services across our ecosystem – something we’re hopeful of delivering in 2023.
In relation to our bizmoLoan offering, we are currently working on broadening our range of loan products to assist Filipinos access non-bank finance.
In 2023, we aim to offer a range of new loans that focus on new opportunities for Filipinos living in the Philippines, as well as overseas.
And in what should also be exciting news for investors, Peppermint is looking to identify strategic partnerships and alliances to broaden its operational area, with a focus on the ASEAN region.
In a digital economy that is estimated to be worth anywhere up to US$350 billion by 2025, Peppermint will be looking to replicate its bizmoto digital community across the ASEAN region – delivering financial inclusion to the people that are unbanked or underbanked.
Our team has worked incredibly hard during the last 2 to 3 years – improving our platform and user experience, securing our EMI licence and signing up to Visa’s FinTech Fast Track Program.
It really does feel like we’re ‘ready to launch’ and I can’t wait for 2023 to blast offPeppermint’s MD & CEO, Chris Kain
Watch the full interview
The below video contains the full-length interview with our CEO, Chris Kain. You can also read Stockhead’s article about this interview.