Highlights

  • Peppermint increased PCM wallet registrations to 68,828 across 199 cooperatives by 30 June 2026.
  • Its Philippine payments operations advanced QRPh and InstaPay functionality as interoperability work progressed during FY26.
  • A merchant Acquisition licence allowed the Business to support direct QRPh acceptance through its bizmoto platform.
  • The company reported FY26 Revenue of AUD 217,720 while developing its transaction-led payments model.

Peppermint Innovation Limited (ASX:PIL) is connecting cooperative wallets, merchants and payment networks in the Philippines. New interoperability capabilities and rising registered-user numbers form the backdrop to its effort to turn payment infrastructure into repeat transaction revenue.

Cooperative Wallet Network Builds the User Base

Peppermint Innovation has focused on the Philippines, where its payments technology connects cooperative members with Digital Wallet and transaction services. Its FY26 report recorded an increase in PCM wallet registered users from 46,486 to 68,828 over the year to 30 June 2026. The membership base covered 199 cooperatives within the MASS-SPECC network. Registration is an indicator of reach, but it is not identical to active usage or revenue. The company’s commercial challenge is to convert broader access into sustained transaction activity.

Interoperability Connects Wallets and Banks

The company progressed interoperability within the Philippine national payments infrastructure. InstaPay and QRPh functionality became operational during the September quarter referenced in the FY26 report, and PESONet testing was subsequently completed. These technical milestones enable broader types of transfers and acceptance, subject to the rules and readiness of participating networks. Peppermint has also developed relationships supporting cash-in and bill payments. Expansion of transaction Options gives wallet users more ways to access services but does not by itself establish the level of future transaction fees.

Merchant Licensing Adds Another Route to Market

The Bangko Sentral ng Pilipinas granted Peppermint a Merchant Acquisition Licence, enabling direct onboarding and support for merchants accepting QRPh through the bizmoto platform. A pilot of person-to-merchant processing increased monthly transaction values from more than PHP 50 mn in May 2026 to more than PHP 150 mn in June. These are processing values rather than company revenue. The company also reported access to more than 12,000 physical touchpoints through partnerships supporting payment and bill services.

FY26 Financials Show the Early Commercial Stage

For the year ended 30 June 2026, Peppermint reported revenue from continuing operations of AUD 217,720, compared with AUD 310,864 in FY25. It reported a statutory net loss after tax attributable to members of approximately AUD 2.36 mn. The company secured a strategic Investment described as AUD 2.1 mn from nominees associated with Philippine payments businesses. Its commercial model remains in development, with revenue recognition and operating costs important measures alongside wallet registration and payment throughput.

Outlook: Execution and the Next Milestones

Peppermint plans to pursue greater wallet usage, merchant onboarding and transaction activity through regulated Philippine payment rails. Future commercial outcomes will depend on customer adoption, volumes, fees and continued implementation of its operating infrastructure.

Peppermint Innovation Limited was quoted at AUD 0.004 on 11 November 2026, with a Market Capitalisation of approximately AUD 13.1 mn and a reported change of 0.00%, based on the provided market figures. Where the quote shows no trading volume, the figure should not be interpreted as a confirmed executed trade on that date.