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Peppermint Innovation Limited (ASX:PIL)
ALERT: Price-sensitive ASX Announcement for PIL
Current share price for PIL : $0.004 0.001 (33.33%)+
Announcement
Release
30 Apr 2025 3:25PM
Price at Release
$0.003
Full Release
Summary
The March 2025 Quarterly Activities Report for Peppermint Innovation Limited highlights significant growth and operational achievements, including a substantial increase in registered users for the Pinoy Coop Mobile (PCM) app, which saw user numbers rise by 184% to 33,016. The volume of transactions processed via PCM also increased by 102%, and the value of these transactions reached approximately $2.7 million. The company reported record loan approvals through its bizmoLoan platform, with 1,273 loans issued, reflecting a 43% increase in gross revenue. Strategic partnerships with leading financial institutions have been strengthened, enhancing the company's position in the digital financial services sector in the Philippines. Additionally, ongoing enhancements in technology and compliance infrastructure support the company's mission to deliver inclusive financial services.
Key Points
- PCM registered users increased by 184% to 33,016.
- The volume of transactions processed via PCM rose by 102% to 22,395.
- The value of transactions processed via PCM reached approximately $2.7 million.
- bizmoLoan approved 1,273 loans, marking the highest quarterly issuance to date.
- Strategic partnerships with RCBC, Rizal Microbank, and RAFI Micro-Finance were strengthened.
- Peppermint is focused on enhancing technology and compliance infrastructure.
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.
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