News and Announcements
Peppermint Partners with Philippines LPG Company Mobile Gas to Provide Mobile Payment Solutions
- Published February 23, 2017 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Peppermint Innovation Ltd (ASX:PIL) is pleased to announce that they have signed an agreement with Philippines Liquid Petroleum Gas (LPG) delivery company Metro Gas Sales Inc.
KEY TAKEAWAYS:
- Signed with Metro Gas Sales Inc., a Filipino LPG delivery company, to provide Peppermint’s Mobile Bill Payments Platform offering to its customers.
- Metro Gas will be offering it current 60,000-strong customer base the option of paying household bills as their LPG delivery is made.
- The company is currently focusing on technological integration, with the commencement of a pilot targeted for April before the commercial launch scheduled in May 2017.
The Company is focusing on the completion of the technology into Metro Gas’ current mobile tablet based platform, hoping to be launched for April this year, before full-scale commercial launch in May this year.
Commenting on the Agreement, Managing Director & CEO, Chris Kain said: “This is an exciting development for Peppermint as we continue to look for additional applications of our proprietary technology. We continue to discover more untapped networks, which could act as payment Agents using our purpose built Mobile Payments Platform.”
“Metro Gas currently services market of over 60,00 households in the Philippines, with plans to expand this over the coming 12 months, and Peppermint’s technology will allow Metro Gas’ customers a secure way to make payment for bills in addition to their LPG from the convenience of their own home. This is another great way that Peppermint can provide convenient and accessible financial services to the population of the Philippines”.
General Manager of Metro Gas Sales Inc., Dennis San Juan stated: “This agreement with Peppermint provides a valuable extension of Metro Gas’ services, providing our customers with a new benefit and the convenience of paying bills from their own homes. We’re looking forward to launching this new offering to our customers as quickly as possible.”
Peppermint Innovation is an Australian company focused on the commercialisation and further development of the Peppermint Platform, a mobile banking, payments and remittance technology designed for banks, mobile money operators, money transfer and funds remittance companies, payment processors, retailers/merchants, credit card companies and microfinance institutions.
Company Updates
The Index Approach in Early-Stage Venture Capital: Reconsidered
The venture capital (VC) landscape is marked by its dynamism and complexity, especially in early-stage investing. The traditional approach in VC, characterised by a selective and intensive vetting process, often contrasts with the concept of ‘index investing.’ This article revisits the indexing approach in early-stage VC, incorporating insights from recent studies and data, including a […]
The Future Is Now: The Evolution of Dealflow with Wholesale Investor
If you’ve ever thought of investing or expanding your portfolio, there’s no better time than the present. In the fast-paced world of investment, things are changing at a breathtaking speed, and it’s crucial to stay ahead of the game. The Future of Deal Flow is Today Dealflow, the lifeblood of the investment world, is not […]
Investability of a Startup: A Comprehensive Guide for Angels and High-Net Worth Investors
Venturing into the Startup Scene Let’s dive into the intriguing world of startups. It’s a thrilling ride, isn’t it? Like finding a pearl in an ocean, spotting a promising startup amidst a sea of businesses is no easy task. This guide aims to light the way, focusing on the “The Investability of a Startup: 7 […]
Backed By Leading Investment Groups and Family Offices
