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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Comment by panhandlephillipson Apr 22, 2012 12:09pm

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Post# 19821426

RE: RE: Carta news

MGP, as far as I know, is still waiting on UAE central bank approval. If (when) granted Mint will be one of 4 transaction processors able to work in UAE.

There is no way Mint and Carta will not get CB approval. There is too much on the line. Its just a matter of time.

Don't view MGP as a cash cow (yet) like Mint Money will be. MGPs first order of busiess it to handle the transactions Mint produces in-house first, then move to external clients. I see it as more of a cost savings move primarily, with the ability to generate some addition revenue.

https://www.themintcorp.com/mint-global-processing.php

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