Mr. Vishy Karamadam reports

THE MINT CORPORATION LOOKING TO EXPAND INTO NEW MARKETS

Due to strong interest from prospective partners in both emerging and mature markets, The Mint Corp. has made a strategic decision to take its best-of-breed payments platform global.

The company has invested over $50-million in the last five years and has built a unique, sought-after, payments platform that is now certified to issue, and be a third party processor for, MasterCard- and UnionPay International-branded payment cards.

The future of payments is through the mobile phone. Countries in the emerging markets are driving the move from cash to cashless transactions and rapid adoption will be achieved through the mobile phone and companion mobile wallets. Mint is facilitating this transition.

The payments industry operates within strict global standards, regulation and certifications, and access to that industry as a card issuer and transaction processor is time consuming and costly. In addition, the major card networks such as MasterCard and UnionPay are governed by global rules for engagement which present significant barriers to entry.

Mint today is a significant player with scale, given its status as an independent third party processor, large 400,000-plus customer base, over $1-billion (U.S.) annual processing volume, an extensive ATM (automated teller machine) network and a mobile wallet with multifaceted uses.

"It is flattering that we are being approached by global brands and partners to take Mint's versatile payments platform into new countries. The opportunity in the UAE [United Arab Emirates] on its own is considerable but, due to the strong interest, we have to go global. We are looking at fast-growing emerging countries (such as India and Indonesia) as well as more mature markets in North America, for future expansion," stated Vishy Karamadam, chief executive officer of Mint.

About The Mint Corp.

Mint, through its majority-owned subsidiaries, is a globally certified payments company headquartered in Toronto, Canada, with its primary business in Dubai, United Arab Emirates. The Mint Group is approved by the UAE Central Bank, MasterCard and UnionPay as a third party payment processor. Mint processes over $1-billion (U.S.) in payroll annually for hundreds of corporate clients and financial institutions, and the Mint community consists of approximately 400,000 cardholders.