- Peppermint Innovation (PIL) has penned a new deal with G-Exchange
- The agreement enables GCash mobile wallet users in the Phillipines to pay for goods and services from Peppermint’s bizmoto platform using their GCash wallet
- PIL says the deal has the potential to expose bizmoto to more than 40 million registered GCash users
- bizmoto merchants, agents and riders can also accept GCash payments
- CEO Chris Kain says the company is developing the app to incorporate seamless delivery of goods and services via bizmoGo riders
- Following the latest deal, Peppermint is expecting to roll out the first phase of the facility in the third quarter of this year
- Shares were trading at 2 cents each at market close on May 19
Peppermint Innovation (PIL) has penned a deal with G-Exchange, enabling GCash mobile wallet users in the Phillipines to pay for goods and services from the bizmoto platform using their GCash wallet.
PIL is a non-banking, purpose-built mobile remittance, bill payments and eLoad platform. Under the “bizmoto” brand, the company offers an end-to-end ecosystem of non-banking financial solutions.
According to Peppermint, the latest payments facilitator agreement has the potential to expose bizmoto and its services to more than 40 million registered GCash mobile wallet holders.
Under initial 12-month deal, any person in the Phillipines with a mobile GCash account will be able to pay directly for goods and services provided by any bizmoto merchant, agent or rider using their GCash wallet.
In addition, bizmoto merchants, agents and riders can accept direct payments in the same way.
Peppermint Innovation Managing Director and CEO Chris Kain commented on the arrangement.
“Given there are currently more than 40 million registered GCash mobile wallet holders, it makes perfect sense that our bizmoto ecosystem accepts and facilitates payments from customers’ GCash mobile wallets in a quick and easy fashion,” Chris said.
“Further development of our bizmoto app will incorporate bizmoto “Pabili”, which translates as “to buy for me” in the local dialect, which will allow GCash mobile wallet holders to not only order goods and services across the bizmoto ecosystem via the app — but they can have it seamlessly delivered to their home or work via our network of bizmoGo riders,” he added.
Peppermint is eyeing a first-phase “go live” date in the third quarter of this year.
Shares in Peppermint Innovation were trading at 2 cents at market close on May 19.