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Mint Corp V.MIT

Alternate Symbol(s):  MITJF

The Mint Corporation, through its subsidiaries, is a globally certified payments company. The Company is focused on offering financial services to the unbanked salaried worker in the United Arab Emirates (UAE). The Company provides employers with payroll cards for their unbanked employees. It offers employers scalable, flexible and payroll card management solutions through its globally certified payments platform. It also focuses on facilitating payroll disbursement for unbanked workers, employees not qualified for traditional bank accounts. Its UAE operations comprise five entities, including Mint Middle East LLC (MME), Mint Electronic Payment Services Ltd (MEPS), Mint Capital LLC (MCO), Mint Gateway for Electronic Payment Services (MGEPS) and Hafed Holding (Hafed). MME is a payroll card services provider facilitating an automated and secure payroll system to employers in the UAE. Its UAE operations payroll cards and mobile app are branded under the Hafed name.


TSXV:MIT - Post by User

Bullboard Posts
Comment by Agmanon Nov 22, 2011 3:01pm
164 Views
Post# 19258468

RE: Market share is king...

RE: Market share is king...According to Wikipedia, UAE is ~ 8.5 million. Also might add, these guys claim to be active in the MENA region which is much larger than just the U.A.E  - although the U.A.E. is perhaps the least volatile / richest country in this group with the most migrant workers. Like I mentioned before, back in April Management stated they had a MOU for start up of operations in Qatar - guess will have to wait till year end MD&A to get an update. There is also Saudi in this group. The possibilities are HUGE IMO. This could be just the start of things!
Bullboard Posts