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 panhandlephillipson Sep 04, 2012 11:41am

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Post# 20314990

RE: RE: RE: Digital-payment services are multiplyi

Im my mind a cardholder is someone with a card in their hand, so hopefully in November we'll see a substantual increase in card holders.

In the Speed Remit NR....

Over the last 3 years, Speed Remit has averaged US$267,125,303 total remittances based on an average of 483,641 transactions. Based on surveys taken of Mint's current cardholder based, approximately 80% (approximately US$150 million/month) of cardholders' payroll is sent home through alternative money transfer service providers. With only a 20% take-up rate by Mint's current 400,000+ cardholder base in UAE alone using Mint's money transfer services, Mint will potentially be able to double Speed Remit's current remittance turnover.

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