Digital bank license soon ?... January 16, 2020 : ... Mint have entered into a binding asset purchase agreement dated January 16, 2020 (the "Agreement") to divest its direct payroll disbursement service business through its payroll card portfolio in the United Arab Emirates ("UAE") (the "Transaction") to a leading payroll disbursement and card provider in the UAE (the "Buyer")... ...Mint UAE will remain focused on payment card processing and prepaid card products across multiple verticals including gift, prepaid, multi-currency and other industry segments excluding payroll cards...
January 16, 2020...
... the Agreement contains a THREE YEARS non-compete clause in the UAE by the Mint UAE companies...
Connect the dots...
MD&A report, the management is working on trying to obtain a digital banking license.
Management has worked in the last 2 years to improve the financial balance sheet in order to be well positioned.
Mint Corp's latest financial statement, the company now has almost no debt.
Mint's management has been rather silent over the past year (no releases or announcements) on the details of the progress of work to obtain a digital banking license...
I do expect to see 20 cents ahead of any deal...
... sit back and enjoy the road !!!