Shares of Peppermint Innovation (ASX:PIL) rise as much as 33.3% to A$0.008, potentially seeing their best day since August 21 if gains hold.

The E-commerce company announced that its unit has received two key certifications from the Central Bank of the Philippines (BSP).

The certification allows Peppermint Innovation to be listed among the BSP’s ‘approved and supervised’ Operator Payment Systems across the Philippines.

Approximately 5,577,129 shares are exchanged hands, compared to the 30-day average of 5,067,124.

The stock has fallen 29.4% YTD as of the last close.

Peppermint Innovation is an e-commerce company, whose unit has been issued two key certifications by the Central Bank of the Philippines.