FOOTHILL RANCH, California, October 24, 2012 (Business Wire) – Emida, a leader in the global prepayment, mobile payment and value transfer market, has announced an expanded partnership with Global Business Services (GBS) and The Mint Corporation (Mint).
Mint is the largest non-bank provider of alternative financial payment products in the Middle East and is also listed on the Toronto Stock Exchange. The company recently acquired its electronic payments division e-pay from GBS, and formed a new subsidiary of Mint called Mint Electronic Payment Services LLC (MEPS) which offers a complete suite of electronic payment services through over 2000 retail agents to prepaid mobile subscribers in the United Arab Emirates.
MEPS aims to serve market needs with a range of innovative and easy-to-use payment products and has aggressive growth plans for the future of the business. MEPS also plans to expand and establish an extensive network of retail agents across the entire Middle East region.
GBS’ established presence in the MENA region through their TV broadcasting services will help MEPS secure new strategic partners to help launch Emida’s technology in an expanding market with value added services.
Emida’s CEO, Dennis Andrews said “Emida is proud to be selected as a major technology provider for GBS and Mint. This region will become a major growth area for Emida. The relationship with GBS and Mint will open up exciting new products and opportunities for us across the prepaid and mobile payments industry. As their technology partner, Emida will support and share the goals of GBS and Mint.”
Mint’s acquisition of e-pay provides Emida with access to Mint’s prepaid card portfolio of over 400,000 payroll cards. As a result of this partnership, cardholders will now receive access to immediate prepaid recharge, access to the retail network, cross border top-up, money remittances, bill payments and other value-added services.
Mint shareholder and GBS Executive Abdul Razzak Abdulla said, “I am eager to witness the expansion of our merchant network as a direct result of the partnership. Introducing new services and technologies will help MEPS gain access to a wider market in new and innovative ways. We are certain that this will have a positive impact on our distributors and customers and will undoubtedly help make our future goals a reality.”
Established in 2005 e-pay is the electronic voucher payments division of Global Business Services (GBS). Established in 2002 and with Headquarters in Abu Dhabi UAE, GBS is one of the leading and most dynamic technology oriented business groups in the Middle East today. Its subsidiaries provide services and solutions for a variety of customers in telecommunications, broadcasting, film, audiovisual production, art and fashion and utility industries.
For additional information please visit http://www.gbs.ae/gbs/main.htm
About The Mint Technology Corp.
Established in 2004, Mint is the world’s first vertically integrated prepaid card and payroll services provider with its own ATM network, payment processing platform and proprietary branded card product including microcredit, mobile top up and money remittance services delivered seamlessly to workers throughout the Middle East and North Africa region. Mint operates through 4 subsidiaries, Mint Middle East, a payroll card services provider, Mint Money, a financial products company, Mint Global Processing, a fully integrated third party processing platform and soon to launch, Mint Merchant Services, a POS and ATM network solutions business. Mint has 65 employees in 6 offices in UAE, Qatar, Jordan, USA and Canada where Mint is listed on the Toronto Stock Exchange (TSX VENTURE:MIT). Mint is soon to open a full service office in Egypt.
For additional information please visit www.themintcorp.com
Emida is a leader in the global prepayment and value transfer market, operating in 37 countries throughout North, Central and South America, the Caribbean, Africa, Oceania, the Middle East and Europe. We support a network of more than 54,000 retail points with an annual dollar payment volume in excess of $1.5B, processing more than 240 million annual payment transactions.
Our network technology enables the domestic and international distribution and value transfer of many types of prepaid products and payment services. Our strategy is to build profitable, robust distribution networks for many prepaid products in targeted operating geographies, and to introduce unique cross border value products between regions. Our payment processing platform provides robust revenue solutions for distributors, ISOs, retailers, carriers and service providers alike.
For more information, please email us: [email protected]