Nets taps Mint for unified mPOS in Singapore

Source: Nets

Payment processing technology provider Mint Payments Limited (ASX:MNW) (“Mint”) is pleased to announce that NETS has confirmed that they will launch the Mint “white-labeled” Unified mPOS solution in Singapore on 30 April 2018.

The Unified mPOS solution provided by NETS will enable Singapore businesses to accept both contact and contactless payments on a single NETS terminal, including processing NETS, credit and debit payments. In addition, the Unified mPOS terminals can be integrated to the merchant’s point of sale (POS) system, resulting in greater efficiencies and cost savings in automation and reconciliation. The Unified mPOS solution will allow merchants to receive payments in-person and on-the-go and are especially beneficial for businesses that are run on tablets and mobile devices.

Jeffrey Goh, CEO of NETS stated, “As NETS continues to drive cashless payments in Singapore, we recognise the need to develop unique payment solutions that address the needs of different merchants types. With the NETS mPOS solution provided by Mint Payments, we will be able to help small business that are moving away from traditional POS systems to tablet based POS systems that can accept payments in-person and on-the-go.”

Mint’s Managing Director of Asia, Andrew Teoh, said: “It is an honour to assist NETS in making a significant contribution to the Singapore government’s goal towards a cashless economy through the adoption of electronic payment options such as the Unified POS. We look forward to working with NETS and our other channel partners in Singapore to scale the Unified POS solution across the thousands of businesses in Singapore”.

The partnership and launch of Mint with NETS in Singapore adds further momentum to Mint’s strategy of delivering to markets in Asia that are going through change in their regulatory environment that require the rapid adoption of innovative and compliant electronic payments technology as the markets and regulators make moves to reduce the use of cash to various forms of electronic payment options.

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