Peppermint Innovation Ltd (ASX: PIL) is launching a micro-enterprise pilot for Bizmoto agents, with an exciting MoU signing. The deal will see TVS supplied motorcycles become assets for Bizmoto agents to visit customers and offer mobile banking and remittance services. Peppermint will facilitate the loans.

TVS Motor Company Limited is the third largest two-wheel manufacturer in India, with annual revenue of A$3 trillion and a 2018 net profit of A$126 million. TVS is the primary importer/wholesaler of TVS Motor Company motorcycles in the Philippines.

With Caason Group a significant shareholder in PIL, Craig Astill MD & CEO said: “We see this as an instrumental step forward in expanding Bizmoto in Asia.”