Why the Peppermint (ASX:PIL) share price is bouncing today

Peppermint Innovation Ltd (ASX: PIL) shares are bouncing around today after the company provided an update regarding the launch of a new insurance offering.

In early trade, the Peppermint share price surged by around 13% to 2.6 cents only to then retreat. At the time of writing, Peppermint shares are trading at 2.3 cents, flat for the day so far, amidst a wider market selloff. 

Let’s take a look at what the mobile banking app developer announced.

Peppermint offers new micro-insurance product

The Peppermint share price has been up and down today after the technology company announced it has entered into an agreement with Cebuana Lhuillier…