Australia's Peppermint Innovation rises on partnership with ECPay

Peppermint Innovation

22/06/2021 06:54

** Shares of fintech company Peppermint Innovation Ltd
 PIL.AX  jump as much as 17.7% to A$0.02- their biggest intraday
percentage gain since May 14
    ** Co says it signed a cash deposit acceptance agreement
with the Philippines-based third-party electronic payment
provider, Electronic Commerce payments, Inc (ECPay)  urn:newsml:reuters.com:*:nASX8Lb2yd
    ** PIL says agreement will allow co's online international
remittance portal bizmoto's registered agents to physically
cash-in money at any of ECPay's partner outlets and stores
    ** Co will earn a system fee for every transaction that is
made across the bizmoto platform
    ** Stock hits its highest level since June 10
    ** About 17.4 mln shares change hands compared to the 30-day
average volume of about 8.3 mln shares
    ** PIL up 54.6% this year, as of last close

       

 (Reporting by Aditya Munjuluru in Bengaluru)
 ((aditya.srivastsav@thomsonreuters.com))