Mint Corp V.MIT

Alternate Symbol(s): MITJF

Financial Services Credit Services

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.

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Mint Corp

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Post by habstraderson Jun 06, 2013 7:41am

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Post# 21491281

Egypt - Launch Money Transfer Via Mobile Phone Ser

https://amwalalghad.com/en/investment-news/technology-news/18099-egypt-to-launch-money-transfer-via-mobile-phone-service.html

Published Thursday, 06 June 2013 13:30 | Written by Nayera Eid, Mahmoud Ibrahim

Dr. Amr Badawi, CEO of National Telecommunication Regulatory Authority (NTRA), has asserted that it is expected for money transfer via mobile phone services to start in Egypt, referring that the MENA region is not considering the launch of such a service on the meantime.

Badawi added that the main target for launching the service is give opportunity for the impoverished classes that do not own bank accounts to transfer money faster and easier, asserting that the security agencies will work to control transfers in order to face money laundering which based on money transfer via mobile phone.

Badawi has emphasized that the Central Bank of Egypt (CBE) ‘s instructions allows the transferring service with EGP 5000 monthly ,EGP 3000 daily and EGP 1000 for per transferring.

Badawi has confirmed that the regulations set by (CBE) contribute for the reduction of any suspicious regarding the service.

Moreover, Badawi has emphasized that it is scheduled for the transferring value not to exceed more than EGP 1000 per time, asserting that the service will be provided by National Bank of Egypt (NBE) , Banque Misr, Housing and Construction Bank,HSBC as well as Bank BNP Paribas Bank and the local mobile operators; Vodafone Egypt, the Egyptian Company for Mobile Services (Mobinil) and Etisalat.

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