Peppermint Innovation Ltd. announced the Company has signed a bill payment agreement with PayMaya Philippines Inc., to make it easier for bizmoto agents to 'top-up' or 'cash-in' to their bizmoto mobile wallets. Under the agreement, bizmoto agents with a PayMaya account will be able to transfer funds directly from their PayMaya account to their bizmoto wallet. Alternatively, a bizmoto agent without a PayMaya account will be able to go into any of PayMaya's 55,000 'Smart Padala' agents and pay them to digitally transfer cash to their bizmoto wallet.

Peppermint will not charge a fee for this service to encourage 'cash-in' transactions to bizmoto wallet holders and, subsequently, to promote greater transactions across the bizmoto platform. Peppermint will earn a system fee for every transaction that is made across the bizmoto platform. The system fee is not set and varies depending on the trading exchange used.

The system fee earned by the Company varies from a flat fee basis to a percentage of the transaction value. At present, the Company earns up to 6% of the transaction value on most transactions across the bizmoto platform.