The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Peppermint Innovation has announced the launch of its international bill payments service, Bizmoto. 

Bizmoto focuses on Filipino’s, living and working in Australia and allows them to directly pay a variety of bills for family and friends living in the Philippines. 

Customers just log onto the website and send Australian money which will then be exchanged to the appropriate amount.

Payments are processed through ECPay, an electronic payment provider located in the Philippines. 

Currently, eight major Filipino companies are available to Bizmoto customers including Globe, Cignal, Manila Water and Sky Cable.  

With 230 billers in the ECPay service, Bizmoto will increase the number of available billers each month. 

Since more than USD$1 billion sent to the Philippines last year, this process is sure to take off soon. Payments can also be sent to India with more countries hoping to be announced soon. 

“A target marketing campaign will soon commence promoting the international bill payment and remittance services to prospective Filipino customers in Australia,” CEO Chris Kain said.

Please find the announcement here 

PIL by the numbers
More From The Market Online

Macquarie profits fall 32% on ‘market volatility’ and low-achieving ‘green investments’

Macquarie Bank has shaved more than 30 percent off its net profit in the final quarter of the 2024 financial year (FY 2024),

Namoi Cotton shares leap 13% on French-Singaporean bidding war

Namoi Cotton shares jump 13 percent as two agribusiness giants - one French and the other…

BHP confirms £31.1B takeover bid for Anglo American

BHP HAS confirmed its offer to takeover fellow mining giant Anglo American plc, following press speculation…

Judo Bank’s lending book officially hits $10B as UBS issues caution on Big 4

Judo Bank has reported that its lending book now reflects $10B only five years after winning…