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.
- 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.