Peppermint Makes the Forbes Phillipines Top 24 Fintech Companies

10th October 2016, Entrepreneur Philippines By Elyssa Christine Lopez

Ten years ago, the word fintech emerged in the local business scene, introducing flashy and compelling forms of payment and banking online. Many thought of it as risky, dangerous even, what with the complex and vast nature of the internet. Come 2016, Fintech is no longer a buzzword – it’s become the future.

In May, Bangko Sentral ng Pilipinas said that in less than four years, 20 percent of transactions nationwide will be done online.

“Unlike what most believe, fintech is an enabler [and] not a disruptor for financial institutions. It will provide the gap for institutions to become competitive,” FIN:TQ president and CEO Lito Villanueva said in a talk in May.

In the October issue of Forbes Philippines, the publication rounded up the 24 fintech startups incorporated in the Philippines, set to change and shape the future of finance. Here, we list the initial 12 of the 24:

Peppermint

Based in Australia, Peppermint offers its financial solution services to big companies such as Metrobank, UCPB and Unionbank. According to Forbes Philippines, its mobile banking service allows users to process payments through phones and transfer money from one account to another.

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