INSTAPAY Deployment in early May 2025, page-2

INSTAPAY
InstaPay plays a crucial role in the Electronic Money Institution (EMI) ecosystem, particularly in the Philippines. It enables real-time, low-value electronic fund transfers, allowing users to send and receive money instantly between banks and EMI-licensed e-wallets.
For Peppermint Innovation Limited (PIL), which holds an EMI license, InstaPay integration means its bizmoto e-wallet can facilitate seamless transactions with other financial institutions. This enhances financial inclusion, making digital payments more accessible to individuals and businesses.

EMI LICENCE IS A GAME CHANGER
Peppermint Innovation Limited's EMI license is a game-changer for its future growth. The license allows the company to operate as an Electronic Money Issuer, enabling it to provide e-wallet services through its bizmoto mobile app. This means that any Filipino—not just bizmoto agents—can use the platform to receive digital money and access financial services1.
With this license, Peppermint can expand its reach in the digital payments sector, offering seamless transactions and financial inclusion to a broader audience. Additionally, the company is pursuing further regulatory approvals to enhance its capabilities, particularly in digital lending through its bizmoPay platform.
This strategic move positions Peppermint for significant growth, as it taps into the increasing demand for cashless transactions and financial technology solutions.

  
THE ROADMAP HAS FINALLY ARRIVED
PEPPERMINTS INNOVATION WILL FINALLY BE STARTING TO PAY OFF

The delays in InstaPay and EMI implementation have been caused by several factors:

• System Upgrades & Technical Issues: Banks have reported that InstaPay transactions were delayed due to system upgrades, particularly when transitioning from InstaPay 1.0 to InstaPay 2.0. These upgrades were meant to improve service but temporarily caused disruptions.
• Glitches & Timeout Errors: Some users experienced failed transactions due to system glitches, requiring banks to manually validate and correct transactions, which could take days or even weeks.
• Regulatory & Compliance Challenges: EMI licenses require strict compliance with financial regulations, which can slow down the approval and rollout process.
• Adoption & Infrastructure Development: The financial ecosystem needed time to integrate these services effectively, ensuring seamless transactions between banks and digital wallets.

Now that these hurdles are being addressed, InstaPay and EMI services are becoming more reliable and widely adopted.