Why the Peppermint (ASX:PIL) share price is falling today

The Peppermint Innovation (ASX: PIL) share price has fallen 14% today after the company shared what looked to be good news.

| More on:
A man wearing glasses and a checkered shirt looks gobsmacked as he puts his hand to his cheek, representing the fall of the Zip share price is cheek

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Peppermint Innovation Limited (ASX: PIL) share price has fallen 14.7% today, despite good news from the company. This morning, the financial technology company announced it has signed an agreement with the Philippines' largest micro-financial services provider.  

The agreement will allow users of Peppermint's Bizmoto product to withdraw and deposit money at 2,500 shops in the Philippines.

At the time of writing, the Peppermint share price is 2.9 cents, down from Friday's closing price of 3.4 cents. Let's look closer at why the Peppermint share price is falling today. 

Peppermint's agreement with Cebuana Lhuillier

The agreement announced today will allow users of Peppermint's Bizmoto platform to withdraw and deposit money in any one of Cebuana Lhullier's 2,500 storefronts.

Bizmoto is a Philippines-based fintech product for micro-business owners and entrepreneurs. It allows users to receive and manage payments securely and easily.

According to Peppermint, Cebuana Lhuillier is the Philippines' largest and leading micro-financial services provider.

Under the agreement, Cebuana Lhuillier will earn a fee when Bizmoto agents deposit money to the platform at one of its shops.

Peppermint also takes a fee when users perform transactions on the platform.

Today's news from Peppermint comes just weeks after the company made a deal with the Bank of Philippines (BPI).

The agreement with BPI will see users able to transfer money from the bank onto the Bizmoto platform.

Commentary from management

Peppermint managing director and CEO Chris Kain said the latest agreement increased the platform's convenience and accessibility.

It is yet another 'brick in the road' as we build out our bizmoto ecosystem, further integrating our bizmoto platform into the established Philippines' payments industry as we seek interoperability across the digital payments landscape throughout the Philippines.

Peppermint aims to continue to align itself with strategic and established partners across the Philippines' payments landscape to ensure the bizmoto platform and ecosystem of services is convenient and accessible to as many Filipino people as possible.

 Peppermint share price snapshot 

The Peppermint share price is currently in a unique position. Until late February of this year, the company's shares had been frozen for nearly 18 months.

Peppermint has been listed on the ASX since 2008, with its highest closing price occurring in October 2009, when it closed at 37 cents. When it was frozen, the Peppermint Innovation share price was a comparatively measly 1 cent.

Since it started trading once more in February, Peppermint Innovation share price has risen and fallen a number of times. Though, it is currently right where it started a few months ago.

The company has a market capitalisation of around $54 million, with approximately 1.5 billion shares outstanding.

Should you invest $1,000 in Graincorp Limited right now?

Before you buy Graincorp Limited shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Graincorp Limited wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 30 April 2025

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned.

The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Fallers

A male investor wearing a blue shirt looks off to the side with a miffed look on his face as the share price declines.
Share Fallers

Why Aurizon, JB Hi-FI, Nuix, and Platinum shares are tumbling today

These shares are falling on hump day. But why?

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why HMC Capital, Platinum, Sigma, and Skycity shares are dropping today

These shares are having a tough session on Tuesday. But why?

Read more »

Oil worker using a smartphone in front of an oil rig.
Energy Shares

ASX 200 energy shares plunge on shock OPEC move

ASX 200 energy shares like Woodside and Santos are tumbling on Monday. Let’s find out why.

Read more »

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Share Fallers

Why Brainchip, Helia Group, Reliance Worldwide, and Westpac shares are dropping today

These shares are starting the week in the red. But why?

Read more »

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Share Fallers

Why Block, Corporate Travel Management, Judo, and Zip shares are sinking today

These shares are missing out on the good times on Friday. But why?

Read more »

Man with a hand on his head looks at a red stock market chart showing a falling share price.
Share Fallers

These were the worst-performing ASX 200 shares in April

These shares were out of form last month. But why?

Read more »

Man waiting for his flight and looking at his phone.
Travel Shares

Corporate Travel shares crash 11% as Trump tariffs bite

Trump’s tariffs are roiling Corporate Travel shares on Friday.

Read more »

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why Brainchip, DroneShield, Resolute Mining, and Woodside shares are falling today

These shares are under pressure on Thursday. What's going on?

Read more »