InvestSMART

Peppermint Innovation Limited (ASX:PIL)

ALERT: Price-sensitive ASX Announcement for PIL
Current share price for PIL : $0.004 -0.001 (-20%)+
Announcement
Release
21 Oct 2025 8:25AM
Price at Release
$0.005
Full Release
download
Summary
Peppermint Innovation Limited (PIL) is advancing its position as a digital wallet and payments operator with a focus on the cooperative sector in the Philippines. The company is leveraging its licensing as an Electronic Money Issuer and Operator of Payment Systems by the Central Bank of the Philippines to drive digital financial inclusion. This strategy is anchored by the deployment of the Pinoy Coop Mobile (PCM) app across MASS-SPECC and partner cooperatives, providing access to over 3.4 million members initially, with the potential to scale nationwide to 13.6 million cooperative members. Peppermint aims to become a leader in the digital payments space by offering real-time money movement through services like InstaPay and QRPh, and by enhancing its platform with additional services such as bill payments and microinsurance. The company is targeting substantial growth by increasing user transactions, which are expected to generate predictable revenue per user, supporting their goal of expanding their digital financial ecosystem and achieving significant market penetration in the cooperative sector.
Key Points
  • Peppermint Innovation Limited is focusing on digital payments in the Philippine cooperative sector.
  • The PCM app is being deployed to MASS-SPECC and partner cooperatives, targeting 3.4 million members initially.
  • Plans to scale to the entire Philippine cooperative network of 13.6 million members.
  • Licenses from the Central Bank of the Philippines for Electronic Money Issuer and Operator of Payment Systems.
  • Major services include InstaPay, QRPh, with PESONet in testing.
  • Platform improvements aim to enhance user engagement and transaction frequency.
  • The company targets to generate $1 of predictable revenue per user per month.
  • Peppermint aims to lead in digital financial inclusion and payments in the Philippines.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.