ASX listed Perth fin-tech, Peppermint Innovation, has inked a deal with a major Philippines healthcare company as it continues to seek out commercialisation opportunities for its mobile payments technology.
Peppermint announced this week it had partnered with Cooperative Health Management Federation of the Philippines, who have 73 member co-operatives across the emerging Asian nation and 18000 Filipinos enrolled in its healthcare plan.
Under the deal, Peppermint will assist Cooperative Health to provide its members with mobile based access to its healthcare services in order to improve the efficiency, cost and quality of its offering targeted at the low income and informal sectors of the Philippines population.
According to Peppermint management, the deal will see Peppermint develop a centralized online member database for Cooperative Health and a mobile app that will enable members to check medical records and service plans.
Peppermint will also assist Cooperative Health to automate processing and management of its health services, including micro-insurance, to deal with increased volumes of enrolees and transactions expected over the next five years.
Peppermint CEO Chris Kain said: “The initiative provides an important extension of the market using Peppermint technology in the Philippines.”
“It marks a significant step as we continue to build relationships with established Filipino business partners that provide new alternative service channels to extend the reach of convenient mobile financial services … to the people of the Philippines.”
The agreement is further evidence of the tech upstart’s increasing presence in the Philippines where it has been successfully progressing the commercialisation of its “Peppermint Platform”.
The company’s non-bank technology platform takes the form of a mobile phone App aimed at the tens of millions of Filipinos who still don’t operate a bank account but who nonetheless want to make convenient bill payments without entering a bricks-and-mortar business.
05 Mar 2024
