Peppermint to offer micro-enterprise program for Bizmoto agent network
Peppermint Innovation Ltd (ASX: PIL) announced it is launching a micro-enterprise program that will significantly benefit its growing Bizmoto agent network. Under a pilot program to be rolled out across the Philippines, Peppermint will facilitate and offer Bizmoto agents a finance and insurance package that helps them to buy a suitable motorcycle to be supplied by TVS Global Automobile Traders FZCO (“TVS”) via a locally registered wholesale dealer in the Philippines. Agents will be able to use their motorcycle to visit more customers in a timely manner, thereby increasing the number of transactions they are able to facilitate using Bizmoto’s technology platform, powered by Peppermint. The range of services available […]
Will Australians trust startups with their money as the cashless economy takes hold?
F5 Networks today announced new research showcasing that while Australians are moving towards a cashless economy, they remain divided when it comes to the future of payments. The study, The Changing Face of Payments & The Rise of the Cashless Economy, revealed over a third (34%) of Australians wouldn’t trust a startup with their money despite 58% of people using digital banking apps today. The F5 research explores the intersection between traditional and digital transactions with 60% of Australians indicating their behaviour will be guided by security. This builds on F5’s earlier Curve of Convenience survey, where 63% of Australian respondents emphasised valuing security over convenience. Jason Baden, Regional Vice President, AN/Z of F5 Networks commented, “With a major shift to […]
Bank gets on board with more digital wallets
A non-major bank has announced that its customers will be able to make payments using Garmin Pay. MyState Bank has added the ability for customers to use Garmin Pay, which functions as a digital wallet and fitness monitor, to make contactless payments. The non-major bank said that it expects a 200 per cent increase in customers using digital wallets by 2020, and that it already allows customers to use Apple Pay, Google Pay and Samsung Pay. “These services could easily overtake the use of credit cards by 2022,” MyState CEO Melos Sulicich said. The non-major bank said that it recognises that security concerns are the “biggest obstacle” hindering mass adoption […]
Cabcharge now integrates with Google Pay for Digital Passes
Ever since we’ve had taxis, we’ve needed to get someone else to pay for our rides. Whether it’s a gift to help and loved one get somewhere or a business expense to ferry someone from point A to point B, figuring out how that payment will work has presented some challenges over the years. Australia’s Cabcharge system has been helping Australian businesses to manage travel and expenses for a long time now, and is committed to keeping pace with technology to help businesses manage these more easily and efficiently. They’ve recently launched Cabcharge Digital Pass alongside a brand refresh, bringing their payment system into Google Pay on your phone to […]
Heritage Bank offers new payment service
Heritage Bank customers now have more payment options at their disposal, following the introduction of a popular service. The bank has introduced Samsung Pay, which means customers can use a compatible Samsung device to make secure purchases in-store in Australia and across the world. Heritage Bank CEO Peter Lock said the bank was thrilled to introduce another contactless payment option for its customers. “We’re delighted to build on our expertise in the digital payments space by launching Samsung Pay at Heritage,” Mr Lock said. “Our customers are looking for quick, convenient and secure payment options, particularly those that allow them to use devices they already own. “When making purchases using […]
Industry experts appointed for the next phase of Peppermint’s strategic growth
Peppermint Innovation Ltd (ASX: PIL) today announced the appointment of two strategic advisors to assist in implementing the Company’s next phase of growth. Ms Gayle Cilfone has been appointed a Key Compliance Consultant to the Company and Mr Colin Chandler is taking up a position as a Strategic Advisor to the Board of Directors. Commenting on the respective appointments, Peppermint’s Managing Director Chris Kain said, “Gayle Cilfone has more than 20 years’ experience in the financial services industry, with specific expertise in compliance and risk management. Her skills set in the area of compliance and regulation will be very valuable for the Company’s remittance operations. “Colin Chandler brings to Peppermint […]
New deal connecting Australian businesses to Chinese visitors
Australian businesses are set to benefit from a collaboration between NAB and Alipay which will revolutionise how Chinese tourists pay for products and services. NAB Executive General Manger of Deposit and Transaction Services Shane Conway said more than 1 million Chinese tourists visit Australia each year spending more than $11 billion. “By making China’s number one payment method available to NAB business customers, we’re enabling greater customer service and providing our business customers with access to this large tourism sector which is a win-win for everyone,” Mr Conway said. “We’re beginning pilot testing with a small group of business merchant customers in November, before making the payment system available to […]
Mint partners with Velocity Frequent Flyer
Australian-based Mint Payments (ASX: MNW) has partnered with Velocity Frequent Flyer, the frequent flyer program of Virgin Australia. Following last month’s launch of their “Rewarding Payments” brand platform, Mint has entered into a partnership with Velocity Frequent Flyer that enables merchants to earn Velocity Frequent Flyer Points on eligible transactions processed through Mint’s payment services. Mint Payments’ Co-founder & Group CEO, Alex Teoh, said, “Our partnership with Velocity has been launched in response to overwhelming feedback we’ve heard from merchants — that they just don’t see any meaningful value for the fees they’re charged by payment service providers”. “The partnership is an important part of our promise to merchants; it […]
