Mr. Vishy Karamadam reports

MINT ANNOUNCES FAVORABLE PILOT LAUNCH RESULTS WHILE AWAITING REGULATORY APPROVAL FOR ITS MOBILE WALLET

The Mint Corp.'s majority-owned subsidiary, Mint Middle East LLC, is gearing up for the launch of its mobile application and has submitted the details of that application to the Central Bank of United Arab Emirates for necessary regulatory approval. Mint aims to launch soon after it receives the necessary approval.

Mint conducted a pilot test of its mobile wallet application within its captive user base and received encouraging responses. Users were given limited access to purchase cellphone minutes (a mobile phone top-up) using the app. There were approximately 10,000 app downloads and over 14,000 mobile phone top-up transactions through the Mint app.

"Results of the pilot launch of our mobile application were extremely favourable. They show our customers are mobile savvy, comfortable to do transactions over their phones and ready to enjoy the benefits of superior mobile user engagement. Our customers have given us great feedback, our team has incorporated this learning to build out the mobile platform, and we are ready to offer a game-changing mobile experience to our valued customers," stated Vishy Karamadam, chief executive officer of Mint.

Mint expects overdrafts, domestic and international money remittances (in partnership with the company's licensed remittance partner) and domestic and international mobile phone top-up features to be rolled out soon after it receives the final approval from the Central Bank of United Arab Emirates.

Mint believes that the launch of the mobile wallet presents a tremendous opportunity for Mint to increase its per-cardholder revenue as more customers use the mobile app and stay within Mint's ecosystem while using its different products.

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. Mint processes over $1-billion (U.S.) in payroll annually for financial institutions and hundreds of corporate clients, and the Mint Group community consists of approximately 400,000 cardholders.

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