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

The Peppermint Innovation Limited (ASX: PIL) share price has fallen 14.7% today, despite good news from the company. This morning, the financial technology company announced it has signed an agreement with the Philippines’ largest micro-financial services provider.  

The agreement will allow users of Peppermint’s Bizmoto product to withdraw and deposit money at 2,500 shops in the Philippines.

At the time of writing, the Peppermint share price is 2.9 cents, down from Friday’s closing price of 3.4 cents. Let’s look closer at why the Peppermint share price is falling today. 

Peppermint’s agreement with Cebuana Lhuillier

The agreement announced today will allow users of Peppermint’s Bizmoto platform to withdraw and…