Peppermint’s Mobile Bill Payments platform commences under its agreement with Metro Gas
Peppermint Innovation Ltd is pleased to announce pilot testing of its agent mobile bill payments technology has commenced under its agreement with Metro Gas Sales Inc. (Metro Gas).
Metro Gas delivers Liquid Petroleum Gas (LPG) to over 60,000 Filipino households, via an established network of 50 delivery personnel, who on average make 15-20 deliveries a day, 7 days a week.
The pilot will test Peppermint’s purpose built mobile agent payments platform, with Metro Gas delivery personnel using the Peppermint powered Metro Gas Agent App to offer customers the ability to pay household bills at the time a delivery of LPG is made. The offering will provide customers’ with front door bill payment convenience; a service normally offered at a bricks and mortar payments center.
The trial is scheduled to run for a period of up to 3 months, after which full commercial deployment is anticipated. Once commercially launched, Peppermint will derive revenue on a per-transaction basis from Metro Gas customers choosing to pay household bills via the Metro Gas Agent app at the time of delivery.
The pilot is a significant step forward for Peppermint as it continues to focus on rolling out its non-bank offering in the Philippines and is the first of a number of potential opportunities the Company has identified as it looks to grow its distribution with local partners via existing home delivery networks in the Philippines.
Chris Kain, Managing Director & CEO comments: “We’re really pleased to now be in pilot phase with our partner Metro Gas and are excited by the potential this has to expand our distribution in the Philippines. We continue to focus on identifying additional established networks in the Philippines and look to expand our footprint with new distribution partners.”
“The Better Than Cash Alliance, a UN based global partnership focused on the transition from cash to digital payments in order to reduce poverty and drive inclusive growth, estimates that Filipinos make about 2.5 billion payments per month corresponding to a value of over US$74 billion per month. Gaining a foothold in this market with a convenient alternative for bill payment is extremely attractive to Peppermint.”