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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.


TSXV:MIT - Post by User

Mint Corp
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Comment by fightiamon Nov 01, 2011 5:27am
349 Views
Post# 19197740

RE: RE-Reading NRs

RE: RE-Reading NRs

Hi Pan:

Thanks for your earlier post regardign card growth.  I believe that the addition of Mi Ali M. Jarallah is beginning to pay dividends.  His association with Mint was announced on July 15 2011 as Managing Director of Mint Midddle East.

This growth in October is no accident.  Below is a copy of that NR in July   

TORONTO, ONTARIO--(Marketwire - July 15, 2011) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Mint Technology Corp. ("Mint or the "Company") (TSX VENTURE:MIT)announces that the Company has appointed Mr. Ali. M. Jarallah as aManaging Director of the Corporation's Dubai based subsidiary, MintMiddle East LLC. Mr. Jarallah has made several studies on paymentsystems in the UAE and has spent the last 27 years at the Central Bankof UAE. He was the Senior Manager in the UAE Central Bank, BankingOperations Department, and responsible for Payment Systems including theWages Protection System, enacted as law by the UAE government in 2009.

This payment system today manages over $2 Billion ofwages a month throughout the United Arab Emirates and is a shiningexample to the region of the successful implementation of a law whichbrought about a social safety net and an electronic payroll frameworkfor all foreign workers in the UAE. In addition, Mr. Jarallah hasimportant relationships with other Central Banks across the MENA region.

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