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Mobile payments APP developer Peppermint Innovation has again tapped bullish tech investor Smidge Digital for a placement and once again Smidge has gone in at a premium price to the market. Peppermint is rapidly developing its two APP products that are taking off in the Philippines, one is already being used by the big banks in-country as a mobile banking APP for its customers.

Peppermint Innovation will develop an app and web tool to provide money transfers to poor, cash-constrained Filipinos as part of a service provider agreement signed with the largest cooperative in the Philippines. The deal brings 300 affiliated cooperatives and one million individual members of the Mindanao Alliance of Self-Help Societies-Southern Philippines Educational Cooperative Centre into Peppermint's financial frame.

Peppermint Innovation shares leapt 22% on news of the company's planned acquisition of a money remittance business that has facilities in place to transfer money from Australia to over 200 different countries. Peppermint has potentially carved itself off a decent serving of the global money transfer market estimated by the World Bank to grow to US$616 billion next year.

Peppermint Innovation has signed an agreement with Singaporean-based CredoLab to deliver credit scoring spinoffs to cash-payment plagued Filipinos who do not have access to banking facilities. At least 70 million Filipinos do not operate a bank account and are paid their weekly wages in cash, however a credit rating via their mobile phones will expedite future access to micro finance and micro insurance services.

ASX-listed Peppermint Innovation's full scale commercialisation of its unique mobile bill payments technology is underway. The Perth fintech player is commencing the rollout of its APP payments technology to major Philippines network marketing company, SANTE Barley and its 200,000 members. Peppermint's technology is aimed at the millions of Filipinos that still don't operate a bank account.

Millions of cash transacting Filipinos who do not operate bank accounts are a significant step closer to making commercial money transfers on their mobile phones a reality as a result of Peppermint Innovation's pilot program in partnership with in-country, distribution network organisation SANTE Barley. The parties have launched a new mobile payment APP to be known as League Pay.

Peppermint Innovation is tapping into Australia's growing immigrant population who are transferring billions of dollars each year ‘back home' to their countries of origin. Peppermint has established a 100 per cent owned subsidiary that will earn Australian revenue from fees charged for transferring monies around the world and from foreign exchange margins received at the time of transferring those funds.

Real-time testing of Peppermint Innovation's mobile-phone bill payment technology is delivering significant customer insights that will assist the ASX-listed fin-tech company to fully commercialise its unique APP. Almost 500 representative agents of Filipino businesses MyWeps, Metro Gas and SUNMar Express have been conducting ‘live' pilot programs with their customers using Peppermint's APP.

ASX-listed Peppermint Innovation's advance to full commercialisation of its mobile payments technology continues, with the tech company signing a deal with major Philippines healthcare provider, Cooperative Health Management Federation of the Philippines. The company is partnering with CHMF to provide its 18000 members with mobile-based access to its healthcare services.

Peppermint Innovation's rollout of its technology platform has taken a big step forward after the company struck a further deal with UCPB, one of the Philippines' largest banks. Peppermint, who are focused on the commercialisation of their mobile-phone based bill payment technology said they had inked a deal with UCPB to roll out internet payment “gateway services” in the Philippines for the giant lender.

Peppermint Innovation has inked a deal with a leading Philippines distribution network, paving the way for the possible roll out of the Perth-based company's mobile payments technology to around 200,000 members. Network members will be able to accept money from their own networks of people who wish to pay their household bills, transfer money to others or even load up some mobile phone air time.

Perth-based tech company Peppermint Innovation have gained a key strategic partner after making an equity placement for $1 million at $0.02 a share. The 2c placement, which was done at double the last traded price for Peppermint shares, caused the company's stock to jump by up to 60% yesterday, touching 1.6c a share before settling back to 1.4c.

Peppermint Innovation have launched a game changing trial of their technology in the Philippines that promises to revolutionize the way millions of Filipinos pay their household bills and transfer money to friends and family. The trial, which received the green light from the country's central bank, is an innovative solution for the 70% of Filipinos who don't operate a bank account.

Peppermint Innovation are gaining traction for their bill payment and money transfer APP with millions of Filipino's who don't operate a bank account. The Perth company has signed a second major distribution partner who will resell their platform via a 14,000 strong agent network. Peppermint also recently won a Fintech Award for “Excellence in Financial Inclusion.”

Peppermint Innovation will hand deliver its mobile bill payments technology to the front doors of up to 60,000 Filipino households in what looks to be an impressive partnership with a very large gas bottle home delivery company in the Philippines. Householders will now be able to pay their other bills at the same time that they receive their regular supply of LPG gas.

It's all shoulders to the wheel now for Perth based tech play Peppermint Innovation after the Central Bank of the Philippines green-lighted their innovative mobile bill payment and money remittance APP. The company has been sweating on the notoriously hard to get central bank approval to commence a trial of their fully developed technology with their in-country partner.

ASX listed Perth financial technology company Peppermint Innovation may have discovered a lucrative new route to market for their interesting mobile bill payment technology. The company recently appointed Metro Gas Sales inc, a domestic gas bottle delivery company in the Philippines with over 60,000 household customers as a Peppermint agent.

It's hard to believe but there are still millions of people in the world that are technically termed “unbanked”, which means they still do not operate a bank account. They earn their wages in cash and pay their bills in cash but all that could change with Perth ASX listed company Peppermint Innovation's new App set to revolutionize the bill paying experience for the great unbanked.