ASX-listed Peppermint Innovation Limited, a company looking to further commercialise its proprietary mobile banking, payments and remittance technology, has signed up GCash, a mobile payments subsidiary of Globe Telecom, the largest telco in the Philippines. Globe has about 50 million customers and is worth US$7.4 billion. This partnership will allow Peppermint Innovation to provide mobile payments and remittance services to people without a bank account. This has been their goal since listing on the ASX in December last year. In the intervening months, PIL has provided white label mobile payments services for two of the biggest banks in the Philippines, but has aspired to create a system like M-Pesa in Kenya.There are as many as 75 million people in the Philippines who are "bankless", partly due to the geography of the country, which consists of more than 7000 islands. Mobile phone usage, on the other hand, is approaching 100 per cent of the population and this is where Peppermint Innovation Limited chief executive officer, Chris Cain, sees the company's future growth.Kain said the opportunity to work with a major telco was "a major step forward to support our business strategy."  The benefit for him is that GCash already has a network of agents in place - whereas M-Pesa needed to spend upwards of $30 million to recruit payment agents and set up its network.Peppermint agents will be issued with a GCash MasterCard, providing them with access to the GCash non-bank network of 12,000 partners and the 13,000 ATM network across the Philippines, which will support agent transactions giving them access to cash withdrawal and deposit facilities when using the Peppermint Agent App.Both GCash and Peppermint will establish a pilot program to examine the benefits of this cooperative effort with up to 2,000 agents using the Peppermint Agent App upon approval from Bangko Sentral ng Pilipinas (Central Bank of the Philippines) approval.Following successful completion of the pilot program and compliance with all local regulatory requirements, the program will be rolled out on a commercial basis.Peppermint Innovation's CEO Kain is looking to use the experience gained in the Philippines as a stepping stone to providing payments services to unbanked telco customers in other countries in this region. "This [deal] empowers our platform," he said.