Peppermint Innovation Ltd. announced that the Company has been granted a license to operate as an Electronic Money Issuer ("EMI") by the Central Bank of the Philippines, 'Bangko Sentral ng Pilipinas' ("BSP"). The EMI license authorises the Company to deliver e-wallet services through its bizmoto mobile App allowing any Filipino, not just bizmoto agents, to use the bizmoto platform to receive digital money and access digital services. The accreditation allows Peppermint and bizmoto users to join the 38.881 million Filipinos that are transacting digitally, following bizmoto's integration with fund transfers services such as InstaPay and PESONet and with non-banking institutions for cash-in and cash-out services.

The EMI license significantly extends the Company's opportunity to reach micro-entrepreneurs and provide digital payments for their businesses. They also can apply for bizmoPay loans, purchase bizmoProtect micro-insurance policies and future bizmoto platform products and services. Peppermint aims to connect marginalised Filipinos such as farmers, fishermen and micro-small- medium entrepreneurs, as well as people living on day-to-day pay cheques so they can safely and more quickly receive their salaries, pension, social security benefits and other government financial assistance monies.

The Company will soon start work on a pilot program with a local community to facilitate financial inclusion by encouraging members to become bizmoto users so they can immediately access digital and mobile payments as an alternative to cash transactions within their community.