News and Announcements
Peppermint Innovation Philippines Get Creative with Added FinTech Trial
- Published May 02, 2017 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Peppermint Innovation will hand deliver its mobile bill payments technology to the front doors of up to 60, 000 Filipino households in what looks to be an impressive partnership with a very large gas bottle home delivery company in the Philippines.
KEY TAKEAWYS:
- The mobile banking, payments and remittance technology company announced the start of its mobile bill payments platform in partnership with Metro Gas Sales Inc.
- Metro Gas Sales are a Philippines based company that delivers LPG gas bottles to over 60, 000 Filipino households.
- The trail will see Metro Gas delivery drivers offering householders the opportunity to also pay their utility and other bills via Peppermint’s mobile APP.
- With the Philippines being renown for having a very high number of people that still do not operate a bank account. Peppermint are looking to make life easier for householders who would otherwise have to travel a great distance to pay their bills in cash.
- PeppermintInnovation joined the ASX’s fintech sector during 2015 after a successful $3.87 million capital raising.
The company, described The Metro Gas pilot as a significant step in the roll out of its offering in the Philippines, which is already being used by a number of commercial banks in the east Asian nation.
Peppermint CEO Chris Kain said: “We’re really pleased to now be in pilot phase with our partner Metro Gas and are excited by the potential this has to expand our distribution in the Philippines.
“We continue to focus on identifying additional established networks in the Philippines and look to expand our footprint with new distribution partners.”
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