Peppermint's CEO, Chris Kain, is a former banker from Barclays...

Peppermint's CEO, Chris Kain, is a former banker from Barclays Capital, CSFB, National Australia Bank and Macquarie. He secured the the core technology for Peppermint and in core team - who have been working together in the Philippines since 2009

the opportunity in the Filipino remittance markets are large given most money transfers for the un-banked are done manually, with couriers or taxi drivers charging up to 9 per cent to move cash. Peppermint's platform is charging 2.5 per cent to 3 per cent.
A "solid business" could be built from winning 10 per cent to 15 per cent market share.
Peppermint is also look to expand into international remittances to the Philippines, which receives $US28 billion of remittances annually.

don't forget, peppermint is also looking into expanding its business into Bangladesh, so the business can only getting more profitable when developing countries welcomes the digital payment technology and have the licences granted.