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Mint- Best vertically integrated Payment Solutions Provider in UAE

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<strong>M<strong>in</strong>t</strong> operates on the Select ® System technical platform licensed from S2M, a platform that is used by more than 150<br />

f<strong>in</strong>ancial <strong>in</strong>stitutions <strong>in</strong> the EMEA region. It is not only serv<strong>in</strong>g the transaction process<strong>in</strong>g needs of the <strong>M<strong>in</strong>t</strong> companies that<br />

are part of the <strong>M<strong>in</strong>t</strong> group (<strong>M<strong>in</strong>t</strong> Middle East, <strong>M<strong>in</strong>t</strong> Electronic <strong>Payment</strong> Services) but also serve as a TPSP for other clients<br />

<strong>in</strong> different <strong>in</strong>dustries (Banks, Telecom, Utility companies, etc.).<br />

Consider<strong>in</strong>g only <strong>UAE</strong> market, where there<br />

are 50 Banks and 5 f<strong>in</strong>ance companies and<br />

only 20% of the banks are hav<strong>in</strong>g their own<br />

process<strong>in</strong>g platform, the rest 80% percent<br />

are dependent on 3 transaction processors.<br />

Be<strong>in</strong>g the 4 th transaction processor gives us<br />

the w<strong>in</strong>dow of opportunity to target these<br />

banks and f<strong>in</strong>ancial <strong>in</strong>stitutions for various<br />

payment solutions. Chances of w<strong>in</strong>n<strong>in</strong>g<br />

bus<strong>in</strong>ess from some of these banks are very<br />

high due to high cost and m<strong>in</strong>imal after sales<br />

support to them from current vendors along<br />

with poor response time for change or add<br />

services.<br />

Target<strong>in</strong>g the burgeon<strong>in</strong>g migrant population<br />

<strong>in</strong> the <strong>UAE</strong> with modest <strong>in</strong>come levels, <strong>M<strong>in</strong>t</strong><br />

and its partner bank will also launch a microf<strong>in</strong>anc<strong>in</strong>g<br />

solution and will also be able to<br />

provide a wider access to large remittance<br />

networks such as Xpress Money.

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