News and Announcements
Peppermint Forms New Strategic Partnership with United Coconut Planters Bank
- Published August 26, 2016 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
26th August 2016, ASX Announcement
Highlights
- Peppermint and UCPB from strategic partnership wherein Peppermint will provide a proprietary platform termed ‘Peppermint Fast Remittance System’ to be installed with UCPB.
- The Peppermint Fast Remittance System will be used by customers, such as Money Transfer Operators and Remittance Companies in processing international remittances to beneficiaries in the Philippines.
- Services offered via the Peppermint Fast Remittance System will utilise the Interbank Funds Transfer (IBFT) facility in the Philippines.
PERTH, AUSTRALIA, 26 AUGUST 2016: Peppermint Innovation Limited (ASX: PIL) (“Peppermint” or “the Company”) is pleased to advise United Coconut Planters Bank of the Philippines (“UCPB”), an established and respected top tier bank in the Philippines, has entered into a strategic partnership with Peppermint to install the Peppermint Fast Remittance System, a proprietary remittance platform designed by the Company.
The installation of the Peppermint Fast Remittance System with UCPB will facilitate international remittance services using the Interbank Funds Transfer (IBFT) facility in the Philippines.
UCPB is currently using Peppermint’s platform to offer mobile banking and payment services to its account holders.
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