Peppermint Boosts Margins 50% with InstaPay Integration and Secures Key BSP Licence

Peppermint’s Direct InstaPay Integration, A Game Changer

Peppermint Innovation Ltd (ASX, PIL) has taken a significant leap forward in its digital payments strategy by going live with direct integration to InstaPay, the Philippines' real-time electronic fund transfer system. This integration enables the bizmoto wallet users to send and receive payments instantly across seven major banks, including UnionBank, Maya, and Land Bank of the Philippines, with more participants expected soon.

By eliminating the need for a third-party facilitator, Peppermint has improved its transaction margins by approximately 50%, a substantial boost for the company’s profitability. The direct connection also grants Peppermint greater operational control and enhances service reliability, allowing seamless wallet-to-bank and wallet-to-wallet transfers. This upgrade is poised to elevate user experience and scale the company’s payments infrastructure effectively.

Merchant Acquisition Licence Unlocks New Revenue Streams

Simultaneously, Peppermint has secured a Merchant Acquisition Licence (MAL) from the Bangko Sentral ng Pilipinas (BSP), authorizing it to onboard merchants and support digital payment acceptance via the bizmoto wallet platform. This licence is a strategic asset that enables Peppermint to tap into the vast network of micro and small businesses, such as the ubiquitous Sari-Sari stores, which have traditionally been underserved by digital financial services.

The MAL not only broadens Peppermint’s market reach but also strengthens its position in the rapidly expanding Philippine digital payments ecosystem. By facilitating cashless transactions for merchants, Peppermint is contributing to financial inclusion and creating new revenue opportunities that could accelerate its growth trajectory.

Renewal of Coop Health Management Federation Licence

Adding to its portfolio of recurring revenue, Peppermint has renewed its licence agreement with the Coop Health Management Federation (CHMF) for the 1CoopHealth System for another 12 months. The renewal comes with a fee increase to ₱1,500,000, reflecting the value of ongoing support and integration services provided by Peppermint.

This renewal underscores Peppermint’s diversified business model and its ability to maintain long-term partnerships within the cooperative sector, further solidifying its foothold in the Philippine market.

Market Momentum and Strategic Outlook

The timing of these developments aligns with robust growth in the Philippine digital payments landscape. InstaPay transaction values surged by over 50% year-on-year in early 2025, with transaction volumes more than doubling. Peppermint’s enhancements position it well to capitalize on this momentum, especially as it rolls out targeted user education campaigns to drive adoption.

Managing Director Chris Kain highlighted that these milestones collectively advance Peppermint’s vision of delivering a comprehensive digital payments ecosystem. The company’s strengthened infrastructure and regulatory approvals are expected to facilitate deeper market penetration and improved financial performance in the coming quarters.