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Peppermint Innovation set to lift cash balance for mobile banking development

The halt will remain in place until Monday 4th September 2017.
Peppermint Innovation set to lift cash balance for mobile banking development
Peppermint shares are in pre-open

Peppermint Innovation Ltd (ASX:PIL) is aiming to commercialise and further develop its mobile banking, payments and remittance technology platform.

The platform is designed for banks, mobile money operators, money transfer and funds remittance companies, payment processors, retailers/merchants, credit card companies and microfinance institutions.

Peppermint currently operates the Peppermint Platform in the Philippines.

The company has this afternoon been granted a trading halt by the ASX, pending details of a capital raising.

The halt will remain in place until the opening of trade on Monday 4th September 2017, or earlier if an announcement is made to the market.

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