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Peppermint Innovation (ASX:PIL) - Managing Director & CEO, Chris Kain
Managing Director & CEO, Chris Kain
Source: Business News
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  • Peppermint Innovation (PIL) launches phase one of its micro-enterprise loan offering, bizmoPay  
  • The commercial launch of the finance app allows any of bizmoto’s 56,000 agents to access its three bizmoPay micro-loan products
  • Peppermint says it’s aiming to issue one thousand loans to bizmoto agents during the next three-month period
  • A marketing campaign is set to be launched during the next three months to target the company’s agents
  • Peppermint Innovation last traded at 2 cents per share on November 3

Peppermint Innovation (PIL) has launched phase one of its micro-enterprise loan offering.

Peppermint is an Australian company focused on the commercialisation of the Peppermint platform — a mobile banking, payments, ecommerce and finance technology to service the Philippines market.

The commercial launch of bizmoPay allows any of bizmoto’s 56,000 agents to access its three bizmoPay micro-loan products, Platinum Plus, Platinum and Silver, through its mobile bizmoto app.  

As of October 12, almost 360 loans had been issued under Peppermint’s pilot bizmoPay program as a pre-cursor to the roll-out of its phase one commercial launch.

Peppermint said it’s aiming to issue one thousand loans to bizmoto agents during the next three-month period.

Peppermint’s Managing Director and CEO Chris Kain said the company is already witnessing strong demand for its micro-enterprise loan products.

“The digital revolution is here and bizmoto is delivering financial inclusion, providing consumer convenience and bringing economies to life by empowering the next cohort of entrepreneurs,” Mr Kain said.

“The addition of an Electronic Money Issuer (EMI) licence, which is Peppermint’s next objective, will bring exponential growth.”

A marketing campaign is set to be launched in the next three months to target the company’s agents.

Peppermint Innovation last traded at 2 cents per share on November 3.

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