Mint Payments Limited
(ASX:MNW) has signed an agreement with Singapore’s most widely used payment processer Network for Electronic Transfers or NETS.
The five-year deal with the option to renew for another five will see Mint deliver a unified mPOS allowing merchants to accept both NETS and credit/debit card payments.
NETS processes up to $23 billion dollars in payments annually. It is Singapore’s most widely used electronic payment system and a designated national payment scheme by the Monetary Authority of Singapore.
Mint made a net loss of $3.75 million for the six months to the end of December 2015.
