Mint Middle East to Collaborate with Interac in UAE

Mint Middle East to Collaborate with Interac in UAE
16 April 2018 -
  • Mint Middle East to Collaborate with Interac in UAE
    Mint Middle East to Collaborate with Interac in UAE Mint Middle East to Collaborate with Interac in UAE

Mint Middle East (MME) on Sunday signed licensing agreements with Interac Corp. (Interac), Canada's residential debit network, giving MME unique civil liberties in the United Arab Emirates (UAE). The licensing agreements will help MME to deliver a safe and cost-efficient contactless point-of- sale solution in the UAE for residential debit transactions, as well as supply documents and software program that will place MME to offer a broad range of mobile payment solutions.

Abdulrazzaq Al Abdullah, Chairman and Chief Executive Officer of Mint Middle East and a benefactor, talking at the press meeting on the sideline of the Seamless Middle East 2018, said, "Our goal is to produce a cashless environment by minimising the cash-based purchases and support the government campaign to achieve monetary inclusion and supplying the advantages of e-government to its citizens and our association with Interac is an extremely strategic step to accomplishing the same as Interac is one of the oldest domestic schemes in the world and first and only Canadian interbank network that connects financial institutions and other enterprises for the purpose of exchanging digital economic purchases, bringing with them 30 years of rich domain name experience of providing consumers with a safe and secure and prompt way to spend for items and solutions straight from their bank account."

" We are pleased to be in with such a good and well-reputed company and are delighted to enrich our value proposal with contactless and mobile debit abilities in this region as a part of our constant initiatives of providing tailor-made enterprise and retail payment options," added Ali Faizan Rizvi, CCO, Mint Middle East.

Speaking on the occasion, James Good, Head of International Business Advancement, Interac Corp. said, "As Canada's very first and only domestic debit network, we have a deep understanding of the demands and obstacles that enter into building and running a residential debit repayments options in Canada and overseas."

He sai, "We are proud that payment networks, such as the one constructed by MME, see the worth in licensing our repayment services to develop their contactless and mobile debit capacities in their respective markets."

In addition to offering consulting on a global basis, part of Interac's international technique is to help make it possible for residential networks and close-loop networks beyond Canada remain dexterous, competitive and innovative with the licensing of documents, requirements and software application. Licensees could expect to rapidly and cost-effectively take advantage of remedies that could be customised and carried out to provide products based on those used by the Interac network in Canada, consisting of contactless, mobile, and P2P options.

Prepaid Omla Gift Card
During the Seamless Middle East, Mint has actually likewise revealed launching of Omla Gift Card under both Unionpay and Mastercard payment plans, these cards are unique presents for loved ones on various occasions like birthdays, wedding celebrations and wedding anniversaries and to professionals and staff as a token of admiration.

Very Soon Mint will certainly release Omla general Purpose double system prepaid card offering the flavour and advantages of both domestic and international scheme to allow customers making all kindsof settlements for retail merchants in the shopping malls or groceries and including federal government, energies and various other services at much lowered charge in the domestic field.

Mint will likewise contribute to its payment solution, a fully merged omni-channel with instore and ecommerce remedy for all under banked and premium sellers to give a unique experience in shop, online and mobile for both merchants and consumers. The framework is built on a cloud base to expand its solutions to the global market.

Mint strategy is to harness technology and prompt feedback in creating unrivaled product or services for our customers. Innovation and easy to make use of settlement options that generate efficiency, opportunity and growth, is the leading concern of Mint while using or releasing any type of product for the consumers.