Peppermint Innovation Ltd reported robust growth in its Philippines digital payments platform during Q4 2025, with wallet prefunding surpassing PHP 486 million and transaction volumes surging. The company is preparing to launch a new payment processing business in March 2026 while actively pursuing capital raising to support expansion.
- Total PCM wallet prefunding exceeded PHP 486 million in 2025
- Q4 ATM-to-Bizmoto cash-in transactions reached PHP 189.94 million
- InstaPay/PESONet transfers grew 86% quarter-on-quarter in Q4
- Registered PCM users increased to 57,530 across 199 cooperatives
- New payment processing business targeting commercial launch in March 2026
Strong Momentum in Digital Wallet Adoption
Peppermint Innovation Ltd (ASX – PIL) has delivered a solid quarterly update for the period ending December 2025, highlighting significant growth in its digital payments ecosystem in the Philippines. The company’s Pinoy Coop Mobile (PCM) wallet prefunding topped PHP 486 million for the calendar year, with more than PHP 301 million received in the second half of 2025 alone. This substantial prefunding signals growing trust and engagement within the cooperative sector, which remains central to Peppermint’s strategy.
Registered PCM users climbed to 57,530 across 199 cooperatives, representing over half of the MASS-SPECC cooperative network. This expansion underscores the platform’s increasing penetration and acceptance as a practical financial tool among cooperative members.
Transaction Volumes and Platform Reliability
Transaction activity also accelerated markedly in Q4. ATM-to-Bizmoto cash-in transactions reached nearly PHP 190 million with 37,743 transactions processed, while InstaPay and PESONet transfers surged 86% quarter-on-quarter to PHP 179.85 million. The transaction volume nearly doubled from 19,776 in Q3 to 36,123 in Q4, reflecting deeper integration of the platform into everyday cooperative financial activities.
Reliability remains a key strength, with ATM-to-Bizmoto success rates hitting 99.78% in December and bank transfer success consistently between 99.7% and 99.9% throughout the year. These metrics are critical as Peppermint prepares for scale and broader adoption.
Strategic Refocus and New Payment Processing Business
Peppermint is undergoing a strategic refocus to become a pure-play digital wallet and payments operator, aligning resources to capture the Philippines’ rapidly growing cashless payments market. A notable development is the planned commercial launch of a new payment processing and merchant services business in the March 2026 quarter. Leveraging its Electronic Money Issuer (EMI) license and integration with national payment rails such as InstaPay and QRPh, Peppermint aims to offer compliant, real-time payment and settlement solutions to merchants and payment processors.
This new business stream represents a significant commercial opportunity, with ongoing discussions involving established corporate groups that could expand Peppermint’s footprint domestically and regionally.
Operational Enhancements and Capital Raising Efforts
Behind the scenes, Peppermint has upgraded its platform’s payments capability, reporting functionality, and mobile security to support increased transaction volumes and ensure scalability. The company also ran targeted marketing campaigns, including a Holiday Cashback promotion, to boost user activation and transaction frequency.
On the financial front, Peppermint is actively negotiating a capital raising with a local lead manager and broker to secure funding necessary for ongoing operations and growth. Current cash reserves stand at AUD 50,000, sufficient for approximately 0.3 quarters, underscoring the urgency of completing the fundraising. The company remains confident in successfully closing the capital raise and is focused on delivering operational milestones in parallel.
Bottom Line?
Peppermint’s upcoming payment processing launch and capital raise will be pivotal in determining its trajectory in the Philippines’ digital payments landscape.
Questions in the middle?
- Will Peppermint secure the necessary capital to sustain and scale operations beyond Q1 2026?
- How quickly can the new payment processing business convert commercial interest into revenue?
- What impact will the transition of bizmoLoan to an AI-driven lending model have on future growth?