Peppermint pours on the partnerships in massive six months, grows fintech fortress across the Philippines

It’s been a huge and productive half for Philippines-focused fintech Peppermint, launching the bizmoPay loans offering and proceeding to the last stage of its electronic money issuer licence application.

Aussie-listed Fintech Peppermint Innovation (ASX:PIL) has just delivered a half of key milestones for shareholders, launching its long-awaited alternative non-bank micro-enterprise loan offering, bizmoPay.

The achievement followed the granting of a key financial licence by the Philippines Securities Exchange (PSX) allowing Peppermint to bring its platform to any of bizmoto’s more than 50,000 agents offering instant access to the three micro-loan products via the mobile bizmoto app.

And it’s been a half of major regulatory milestones,  with Peppermint also receiving a crucial notice from the Philippines regulator to proceed to Stage 3 of its Electronic Money Issuer (EMI) Licence  application. The company has since provided a comprehensive system demonstration to the Bangko Ng Philipinas (BSP) and now await the outcome of its licence application.

An EMI licence will allow Peppermint to facilitate any e-money transaction in the Philippines, effectively turbocharging its capabilities in the digital transaction space, particularly when combined with the loans it’s already able to make through bizmoPay.

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Source: Peppermint pours on the partnerships in massive six months, grows fintech fortress across the Philippines – Stockhead