Peppermint Boosts Users 17% and Transaction Value 40% Amid Strategic Refocus
Peppermint Innovation Ltd reports strong quarterly progress with new payment functionalities live, a key merchant licence granted, and a strategic pivot toward AI-driven lending.
- Launch of InstaPay and QR Ph enabling real-time wallet and bank interoperability
- Merchant Acquisition Licence granted by Bangko Sentral ng Pilipinas
- Pinoy Coop Mobile users up 17%, transaction value up 40%
- Strategic shift to AI-driven lending for bizmoLoan
- Post-quarter partnerships expand cash-in network to 12,000+ touchpoints
Strategic Refocus and Market Positioning
Peppermint Innovation Ltd (ASX, PIL) has unveiled a series of operational milestones in its September 2025 quarterly report, underscoring its commitment to scaling its digital wallet and payments ecosystem in the Philippines. The company is actively repositioning its bizmoLoan business toward an AI-driven lending model, aiming to leverage transaction data for smarter, more inclusive credit solutions tailored to the cooperative sector.
CEO Chris Kain highlighted the significance of going live with InstaPay and QR Ph functionalities, which now enable seamless, real-time interoperability between wallets and banks across the national payments network. This development positions Peppermint as a key player in one of Asia’s fastest-growing digital payments markets.
Growth in User Base and Transaction Volumes
The Pinoy Coop Mobile (PCM) platform, developed in partnership with MASS-SPECC, continues to gain traction. Registered users increased by 17% to over 54,000 across 160 cooperatives, representing nearly half of MASS-SPECC’s membership. Transactional value on the PCM platform surged 40% to ₱361.42 million, with ₱102.82 million processed in the quarter alone, reflecting growing trust and engagement within the cooperative ecosystem.
Regulatory and Infrastructure Advances
Securing the Merchant Acquisition Licence (MAL) from the Bangko Sentral ng Pilipinas marks a pivotal regulatory achievement, enabling Peppermint to onboard merchants accepting QR Ph payments directly through its bizmoto digital wallet platform. Additionally, successful completion of PESONet testing prepares the company for live participation in the national high-value transfer network, further enhancing its interoperability and service offerings.
Post-quarter, Peppermint expanded its physical network through partnerships with ECPay and BTI Payments, increasing cash-in and bill-payment touchpoints to over 12,000 nationwide. This expansion significantly improves accessibility for users and merchants alike.
Strengthening Technical and Financial Foundations
To support its scaling ambitions, Peppermint appointed a new Head of Engineering focused on system optimisation, data architecture, and platform reliability. Financially, the company reported a net cash outflow of AUD 429,000 for the quarter but maintains a healthy runway with AUD 2.186 million in available funding, sufficient for over five quarters of operations.
The renewal of the Coop Health Management Federation’s licence for another year, at an increased fee, secures recurring revenue and reinforces Peppermint’s trusted position within the cooperative sector.
Looking Ahead
Peppermint’s strategic pivot towards AI-driven lending and its expanding payments infrastructure signal a company gearing up for national scale in the Philippines’ burgeoning digital finance market. The coming quarters will be critical to watch as the company executes on these growth initiatives and deepens its market penetration.
Bottom Line?
Peppermint’s operational momentum and strategic shifts set the stage for a transformative year ahead in digital payments and AI lending.
Questions in the middle?
- How quickly will the AI-driven bizmoLoan model translate into revenue growth?
- What impact will expanded merchant acquisition capabilities have on transaction volumes?
- Can Peppermint sustain its cash runway amid ongoing investment in scaling operations?
