News and Announcements
Peppermint Launches MyWeps Mobile Remittance App in the Philippines
- Published May 31, 2017 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Peppermint Innovation Ltd (ASX:PIL) is pleased to announce that the commercial pilot of the MyWeps Mobile Remittance app, powered by Peppermint’s Mobile Agent Remittance platform has commenced today, in partnership with MyWeps International Inc.
KEY TAKEAWAYS:
- An initial cohort of 278 agents have commenced pilot testing of the MyWeps Mobile Remittance app, powered by Peppermint’s Mobile Agent Remittance platform
- Shortly, 500 agents in total will be on-boarded to take part in the three-month pilot
- The pilot will take place across the National Capital Region (NCR), key regional areas plus six specific municipalities in provinces identified as marginalised or underserved areas by the BSP’s Inclusive Financial Advisory (IFAS)
- This is a significant milestone for the Company, as it works towards commercialising its non-banked offering to promote financial inclusion in the Philippines
Chris Kain, Managing Director & CEO comments: “We’re extremely pleased to be kicking off this MyWeps pilot which represents a significant milestone for our Company, as the culmination of close to 2 years worth of work. This is a huge step forward on the path to a full scale commercial launch of this technology.”
Rico D Lorredo, Chairman and CEO, MyWeps International Inc. states: “We, along with our agents are really pleased this pilot is underway and excited to be able to offer such a great extension of our services to our customers. We anticipate a strong positive response to this pilot and are proud to be part of this pilot, which is an important step towards providing financial inclusiveness for Filipinos.”
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