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Mint Payment ties up with Global Payments for Asia expansion

Mint Payment ties up with Global Payments for Asia expansion

(19 January 2017 – Australia) Australian payments solutions provider Mint Payment and payment technology and merchant acquiring services provider Global Payments have announced a partnership to provide integrated payment solutions and global payments for merchant acquiring services to each other’s customers in Malaysia and Singapore.

Listed on the Australian Stock Exchange, Mint says the partnership agreement will give it and its licensed distribution partners the ability to provide integrated payment technology solutions with Global Payments as the acquirer, in Malaysia and Singapore with additional territories to follow.

As part of the agreement, Global Payments will also refer its merchants to adopt Mint’s range of integrated payment solutions in these two markets.

Mint will eventually have access to Global Payment’s presence across 12 countries in the Asia Pacific region, which includes 110,000 merchants and A$25 billion in payments processing.

The firm’s executive director and head of international business, Andrew Teoh, says: “Following on from our partnership with ABSS (formerly MYOB South Asia), we are delighted to announce this new partnership with Global Payments, particularly as it facilitates the company’s entry into a high growth, dynamic and developing Malaysian market, which is ABSS’ largest and fastest growing market,”

“Malaysia is a key market for us as we see this as another example where regulatory change can create significant opportunities for proven, established payment companies like Mint. The Reserve Bank in Malaysia has established payment card reforms seeking to promote electronic and card acceptance across the country by targeting to grow its card acceptance base to 800,000 terminals by 2020.

“This latest partnership agreement allows us to take advantage of these new reforms and we are confident that this will help drive our growth in the South East Asian region.”

Global Payments’ president, Asia-Pacific, Konrad Chan, said, “This partnership with Mint is an example of how we collaborate with our network of partners to create values for merchants who are seeking innovative as well as efficient ways to accept payments. We look forward to entering into such acquiring partnership with Mint, in view to extend the coverage of our omnichannel payment solutions to merchants in Malaysia and Singapore.”

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