GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Banking and Investments

 
  Share

Mint is proud to announce its exclusive partnership with Interac to offer secure contactless and mobile debit solutions for domestic UAE transactions 

Dubai, UAE (April 15, 2018):    Mint Middle East (MME) on Sunday signed licensing agreements with Interac Corp. (Interac), Canada's domestic debit network, granting MME exclusive rights in the United Arab Emirates (UAE). The licensing agreements will help MME to deliver a secure and cost-effective contactless point-of-sale solution in the UAE for domestic debit transactions, as well as provide documentation and software that will position MME to offer a broad range of mobile payment solutions.  

Abdulrazzaq Al Abdullah, Chairman and CEO of Mint Middle East and a philanthropist, speaking at the press conference on the sideline of the Seamless Middle East 2018, said, “Our goal is to create a cashless environment by minimising the cash-based transactions and support the government initiative to achieve financial inclusion and providing the benefits of e-government to its citizens and our association with Interac is a very strategic move towards  achieving the same as Interac is one of the oldest domestic schemes in the world and first and only Canadian interbank network that links financial institutions and other enterprises for the purpose of exchanging electronic financial transactions, bringing with them 30 years of rich domain experience of providing consumers with a secure and immediate way to pay for goods and services directly from their bank accounts.” 

“We are pleased to be in with such a good and well-reputed company and are excited to enrich our value proposition with contactless and mobile debit capabilities in this region as a part of our continuous efforts of delivering tailor-made enterprise and retail payment solutions,” added  Ali Faizan Rizvi, CCO, Mint Middle East.

Speaking on the occasion, James Good, Head of International Business Development, Interac Corp. said, “As Canada's first and only domestic debit network, we have a deep understanding of the needs and challenges that go into building and operating a domestic debit payments solutions in Canada and overseas.” 

He said, “We are proud  that other payment networks, such as the one built by MME, see the value in licensing our payment solutions to build their contactless and mobile debit capabilities in their respective markets.”   

In addition to offering consulting on a global basis, part of Interac's international strategy is to help enable domestic networks and close-loop networks outside of Canada remain agile, competitive and innovative through the licensing of documentation, specifications and software. Licensees can expect to quickly and cost-effectively leverage solutions that can be customised and implemented to deliver products based on those offered by the Interac network in Canada, including contactless, mobile, and P2P solutions.

Prepaid Omla Gift Card

During the Seamless Middle East, Mint has also announced launching of Omla Gift Card under both Unionpay and Mastercard payment schemes, these cards are unique gifts for loved ones on different occasions like birthdays, weddings and anniversaries and also to professionals and staff as a token of appreciation.

Very Soon Mint will launch Omla general Purpose dual scheme prepaid card offering the flavour and benefits of both domestic and international scheme to enable customers to make all kinds of payments for retail merchants in the malls or groceries and including government, utilities and other services at much reduced fee in the domestic arena.

Mint will also add to its payment solution, a fully unified omni-channel with instore and ecommerce solution for all under banked and high-end retailers to give a unique experience in store, online  and mobile for both merchants and consumers. The infrastructure is built on a cloud base to expand its services to the global market. 

Mint strategy is to harness technology and timely feedback in devising unparalleled products and services for our customers. Innovation and easy to use payment solutions that generate efficiency, opportunity and growth, is the top priority of Mint while offering or launching any product for the consumers.



Posted by : GoDubai Editorial Team
Viewed 2763 times
Posted on : Sunday, April 15, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : InfoFort awarded the Dubai Chamber CSR Label
Next Story : Foreign companies back France more strongly than ever as a European business location
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Timeless Ties
COLAB - Dry Shampoo
ORANGE & BERGAMOT Awaken the Cult Icon New Additions
FOREO delivers the ultimate festival survival kit for a glow-on-the-go.
Samsung launches Exciting Smartphone Trade-In Program with Galaxy S9 or S9+
Enhance skin radiance, smoothness and brightness in just 14 days, with the new J...
The Perfect Gift Mark
Summertime Beauty Picks at Glambeaute.com
New XE 300 Sport Edition Wins Gripping Ice Race
Get Vibrant and lively hair with Rahua's new Color Full Range
Dubai Sports Council Pavilion a big hit at Bangkok SportAccord
Dubai-based Al Kasir Group launches three Crypto assets backed by diamonds
du to Offer New 9.7-inch iPad With Apple Pencil Support
Filorga Mesotherapist Derma Roller
A Royal Ramadan Experience by Master Chef Mama in Pullman Dubai Creek City Centre
Skyline University College Economics Day 2018: One Step towards Tomorrow
Penny Scallan Design Launches in the Middle East
New Blow Out Bar and Make-Up Studio SWISH by Immaclife Opens in Abu Dhabi in Apr...
Rolling Cones, a new luxury ice cream concept, launches at the Hyatt Regency Dub...
MINI at Auto China Beijing 2018
The new BMW M2 Competition
Mumzworld Announce Recruitment Drive To Empower Women in the Middle East
Pandora Shine Discover A New Way to Shine
Abu Dhabi Ship Building Company Launches Two 64-Meter Landing Ships for the Kuwa...
Sheikh Sultan bin Ahmed Al Qasimi Leads Sharjah Contingent to Kuwait Arab Media Forum
Toshiba Releases New, Powerful Surveillance and Video Streaming Internal Consume...
Genesis G70 Luxury Sedan Arrives in Middle East
Stylish Nursing wear at Mums and Bumps
Exclusive, Limited‐Edition, Swiss‐Made Cryptocurrency Watches
10 Kg gold for 100 winners at Malabar Gold & Diamonds
Olivia Burton Marble Florals - Embrace these styles for a new artistic way to wo...
Gifts for Ramadan at Hour Choice
Understanding what women want Balmain reveals the Madrigal Mini II
Airport Show Attracts Influential Aviation Leaders for Global Airport Leaders Fo...
Adamavi - Elegant, Timeles S, and Reliable
Pandora Spring Embrace Nature's Beauty
Mido Ramadan Watch Collection
April Marks Autism Awareness Month at Nursery Chain
Tommy Fleetwood joins OMEGA's line-up of golfing greats
Ashridge to help Saudi leaders explore and implement strategies for growth
In Its 100th Year, Panasonic Bullish On ME Growth
Village Street Sale at The Outlet Village offers designer outfits at great prices
The Beautiful Britain 2018
Ras Al Khaimah (RAK) Ruler Delivers Keynote Opening Speech to 14th Arabian Hotel...
Get ready for an exciting Ramadan at Danat Al Ain Resort
Tamouh unveils unique art piece dedicated to the late Sheikh Zayed at Cityscape ...
Mido Multifort Datometer Limited Edition - A piece of history on your wrist
'Global Automotive Aftermarket Manufacturers Gear Up for Robust Business Growth ...
du LaLiga HPC U16 Crowned UAE FA Academy League Champions and City FC Win U14 ...
Mint Middle East to Collaborate with Interac in UAE