Search DubaiPRNetwork.com

Home >> Banking & Investments

Mint Middle East to Collaborate with Interac in UAE

Mint Middle East to Collaborate with Interac in UAE

Sunday, April 15, 2018/ Editor -  

Share

Home >> Banking & Investments

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.


Previous in Banking & Investments

Next in Banking & Investments


Home >> Banking & Investments Section

Latest Press Release

Abu Dhabi University Honors Winners of ‘Art for Autism' Contest

Dubai Ladies Club in partnership with ‘Brides do Good' to open ‘Designs of Hope' ...

Healthy Hair with HASK

Equinix to Support Direct Connectivity to New Google Cloud Partner Interconnect ...

Boehringer Ingelheim Has a Very Successful 2017 Financial Year

Dazzle Your Home with Danube Home's Exclusive Design Décor Ramadan Catalogue

Oh, It's Gold! Sparkling Elegance And Intoxicating Sensuality

‘Read, Dream, Create' Awards Winners of Creative Writing Competition at SCRF 201 ...

Bosch Blazing New Trails in Mobility and Environmental Protection

Emirates Introduces Home Check-in in Dubai

DoubleTree by Hilton Resort & Spa Marjan Island and DoubleTree by Hilton Ras Al ...

Micro-Learning Approach Complements Emirates Post Group's Robust Learning and De ...

Awqaf and Minors Affairs Foundation Inaugurates Saif Al Ashram Endowment Project

IKEA Has a New Café For Conscious Coffee Lovers

Emirates Airline Festival of Literature Is Named Best Arts and Cultural Event in ...

Ambassador School wins Golden Peacock global award for innovative service

flynas, the first airline in Saudi Arabia to offer travel insurance in partnersh ...

Skyline University College Students Attended 3-Day Training Program in New York

Ibrahim Nasrallah wins 2018 International Prize for Arabic Fiction

TBWA\RAAD wins regional Creative mandate for Mai Dubai