Latest Payments Infrastructure News

Peppermint Innovation Ltd reports strong quarterly progress with new payment functionalities live, a key merchant licence granted, and a strategic pivot toward AI-driven lending.

Peppermint Innovation Limited (PIL) has addressed recent unusual trading activity, attributing it to growing market recognition of its recent fintech milestones rather than undisclosed information.

Smartpay Holdings Limited shareholders are set to vote on a proposed NZ$1.20 per share cash acquisition by Shift4 Holdings Limited, with the Board unanimously recommending the deal. The scheme offers a significant premium amid regulatory and competitive challenges.

Novatti Group has offloaded its Emersion business to CGP Equity for $500,000, marking a strategic pivot to concentrate on its core payments infrastructure in Australia and New Zealand.

Spenda Limited reported a 106% surge in revenue to $11.1 million for FY25, driven by acquisitions and expanded services, yet posted a substantial $24.3 million net loss largely due to goodwill impairment. The company’s strategic moves and funding needs highlight a pivotal phase ahead.

My Rewards International Limited reports a 47% revenue drop but narrows losses by 45%, fueled by strategic acquisition and tech innovation. The company advances ASX reinstatement with a capital raise and debt conversion plan.

Novatti’s majority-owned subsidiary AUDC has closed a $1.2 million Seed Round, valuing Novatti’s 57% stake at $7 million as stablecoin adoption accelerates globally and locally.

Peppermint Innovation Ltd has launched direct InstaPay integration, enhancing real-time digital payments and securing a key Merchant Acquisition Licence from the Bangko Sentral ng Pilipinas, positioning itself for growth in the Philippine market.

IODM Limited has secured a new revenue share agreement with TransferMate, broadening its IODM Connect platform's footprint across the Americas' higher education sector.

Peppermint Innovation Ltd reports a transformative quarter marked by explosive user growth on its Pinoy Coop Mobile platform, record loan approvals via bizmoLoan, and key partnerships with major Philippine financial institutions.

Peppermint Innovation Ltd has bolstered its financial position with a $3 million convertible note while navigating a challenging quarter marked by cybersecurity disruptions and strategic divestments. The company is poised for recovery with new advisory expertise and enhanced payment integrations in the Philippines.

FinTech Chain Limited reports a robust increase in cash balances and positive operating cash flow for Q3 2024, alongside new contract wins and ongoing legal proceedings related to a past misappropriation case.