Peppermint’s Bizmoto opens doors for remittance to India

peppermint technology

Peppermint Innovation Limited (ASX: PIL) today announced that its international remittance business, Bizmoto has opened up a transfer corridor to India to increase its revenue by collecting a transaction fee on every money transfer.

This activation opens doors for people living in Australia to send money across India using Bizmoto’s online international remittance portal.

India ranks second to China as largest global remittance market for Australia. According to the most updated World Bank data Australians have transferred USD$1.944 billion to India in 2017

Commenting on the opening of Bizmoto’s transfer corridor to India, Peppermint’s Managing Director and CEO Chris Kain said: “The India remittance market is incredibly exciting for Bizmoto. Last year almost $1 out of every $9, measured in USD, transferred overseas by Australians flowed to India.” [optin-monster-shortcode id=”wxhmli4jjedneglg1trq”]

Opening of Indian corridor follows launch of Philippines corridor in May and the company is further working to ‘open’ other key remittance corridors from Australia.

Bizmoto is expected to launch marketing and awareness campaign in promotion of the new international remittance money transfer service to India. The outward bound remittance market from Australia was estimated by the World Bank to be USD$ 16.888 billion in 2017.

With this announcement, Peppermint’s share price surged up 5.556% to $0.019 on 13 September 2018 (7:40 PM AEST).

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


Disclaimer

The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Checkout our Free Dividend Stocks Report

Specially made for income-hungry investors, Invest in growing Franked Dividends an opportunity that should not be missed.


6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report