Total
0
Shares
Peppermint Innovation (ASX:PIL) - Managing Director & CEO, Chris Kain
Managing Director & CEO, Chris Kain
Source: Business News
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Peppermint Innovation (PIL) has signed an application programming interface (API) agreement with the Bank of the Philippine Island (BPI)
  • The agreement will allow Peppermint’s bizmoto platform to integrate with the bank’s systems and protocols
  • The integration could introduce up to four million BPI online account holders to the services offered across the four bizmoto business streams
  • Technical integration and testing between Peppermint’s platform and BPI’s systems will begin as soon as possible — with a Q2 2021 targeted launch date
  • Peppermint Innovation is up 8.82 per cent, trading at 3.7 cents

Peppermint Innovation (PIL) has signed an application programming interface (API) agreement with one of the top five banks in the Phillipines.

The agreement with the Bank of the Philippine Islands (BPI) allows Peppermint’s bizmoto platform to integrate with the bank’s systems and protocols.

Bank of the Philippine Islands is the first bank in the Philippines and in the south east Asian region with almost 170 years of continuous service and 8.8 million customers.

The agreement has the potential to introduce up to four million BPI online account holders to the services offered across the four bizmoto business streams. This includes mobile payments, eCommerce, delivery and logistics and mobile financial services.

Under the agreement, existing bizmoto agents will be able to top up their mobile wallet 24 hours a day, 7 days a week via online access.

As part of the agreement, Peppermint will also be undertaking a direct marketing campaign promoting bizmoto’s wide range of customer services to BPI’s four million enrolled online account holders.

“As soon as we can, we will execute targeted awareness and marketing campaigns in association with BPI to their four million online account holders,” said Peppermint Innovation’s Managing Director and CEO Chris Kain.

“To put that in context, we currently have over 50,000 registered bizmoto agents so we have the potential to market and explain how our bizmoto platform works to almost 80 times the number of current registered agents”.

 “This is yet another step forward on our path to building out our range of bizmoto ecosystem of services across the Philippines and to tackling the problem of providing inclusive financial services to the people of the Philippines.”

Technical integration and testing between Peppermint’s bizmoto platform and BPI’s systems will begin as soon as possible, with a Q2 2021 targeted launch date.

Peppermint Innovation is up 8.82 per cent, trading at 3.7 cents at 9:45 am AEDT.  

 


PIL by the numbers
More From The Market Herald

" RocketBoots (ASX:ROC) lists on ASX after $4.25m IPO

Software company RocketBoots (ROC) has debuted on the ASX today after raising $4.25 million through an initial public offer (IPO).
Traffic Technologies (ASX:TTI) - Non Executive Chairman, Mark Hardgrave

" Traffic Technologies (ASX:TTI) raises $3.4m from rights issue

Traffic Technologies (TTI) has raised $3.4 million to repay existing debt and bolster its working capital balance.

" IODM (ASX:IOD) secures new revenue opportunity from WUBS partnership

Software solution company, IODM (IOD) has received a new revenue opportunity from its existing partnership with Western Union Business Solutions (WUBS).
SenSen Networks (ASX:SNS) - CEO, Subhash Challa

" SenSen Networks (ASX:SNS) signs contract with Sunshine Coast Council

SenSen Networks (SNS) has been awarded a multi-year contract with Sunshine Coast Regional Council to deploy its sensor AI automated parking enforcement solutions.