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Peppermint Innovation Limited ( (AU:PIL) ) just unveiled an announcement.
Peppermint Innovation Limited has responded to a price and volume query from the ASX, stating that there is no undisclosed information that could explain recent trading activity. The company attributes the trading behavior to a market realization of its undervaluation, following a recent announcement about its successful integration of InstaPay P2P functionality on the bizmoto wallet. This integration allows real-time digital transfers and enhances operational control by eliminating third-party facilitators, thus improving transaction margins. Additionally, the company has received a Merchant Acquisition Licence from the Central Bank, which is expected to open new revenue streams and strengthen its position in the Philippine digital payments market.
More about Peppermint Innovation Limited
Peppermint Innovation Limited operates in the digital payments industry, focusing on providing digital payment solutions and financial technology services. The company is known for its bizmoto wallet, which facilitates peer-to-peer transactions and digital payments, particularly in the Philippines. Peppermint is expanding its market presence by integrating with multiple banks and financial institutions to enhance its service offerings.
Technical Sentiment Signal: Sell
Current Market Cap: A$5.02M
For a thorough assessment of PIL stock, go to TipRanks’ Stock Analysis page.