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Wednesday, 16 July 2014 15:29

Mint strikes up agreement with WolfStrike Featured

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Listed mobile payments and transactions company Mint Wireless has entered into an agreement with WolfStrike to offer integrated payments across multiple mobile devices under WolfStrike’s own brand in the Australian market.

Announcement of the partnership comes as Mint (ASX:MNW) says it has achieved a number of significant operational milestones, including committed orders for 15,000 user licenses from new and existing distribution partners.

Mint CEO Robin Khuda said, with the Chip & PIN mandate coming into effect from August 2014 in Australia and October 2014 in New Zealand, the demand for Mint’s PCI compliant mobile payment solutions has accelerated.

Khuda said accounting software company MYOB was Mint’s first customer to introduce the Company’s new EMV-compliant Chip & PIN card reader last week through its popular mobile payments solution, MYOB PayDirect.

According to Khuda, Mint is also seeing an increased interest and demand for Mint’s open payments platform from enterprise customers looking for a seamlessly integrated payment solution that can easily be combined with their existing point of sale systems (either fixed or cloud based) and ERP systems.

“We are pleased with our achievements and momentum generated over the past three months. Mint is now well positioned to capitalise on its disruptive technologies that are driving innovation within the financial services industry.”

Under the distribution agreement with WolfStrike, WolfStrike’s customers will be able to turn their iOS or Android devices into fully featured credit and debit card payment systems and accept payments anywhere, anytime.

“Mint’s agreement with WolfStrike demonstrates the robustness of Mint’s payments platform that can be used by various customers with diverse requirements,” Khuda said.

“Through a $10 million capital injection from our institutional investors in May 2014, Mint has ramped up the company’s sales and marketing efforts and product development initiatives. This will enable Mint to fulfill its vision of becoming the most innovative mobile payments platform in Asia Pacific.”

 Ian Bailey, CEO of WolfStrike said, “WolfStrike is delighted to be partnering with Mint who have an admirable track record in delivering mobile payment solutions rapidly for customers. This partnership will allow us to further demonstrate innovation in the market and simplify the value proposition for mobile payments to our customers.”

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Peter Dinham

Peter Dinham - retired in 2020. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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