Sydney, 21 July 2015: Mint Payments (ASX: MNW) (“Mint” or “the Company”) is pleased to announce that it has signed an agreement with eWAY, whereby eWAY will licence Mint’s “card present” capability to distribute their own mobile point of sale (“mPOS”) solution. eWAY’s 20,000+ merchants will now be able to accept the full spectrum of card payments, including Visa and MasterCard, as well as EFTPOS through popular payment methods such as Apple Pay, Contactless, Chip & Pin, and Magnetic Swipe.
Mint will derive ongoing revenues from monthly fees, merchant service fees, transaction fees and hardware fees. Mint’s partnership with eWAY will provide an omni-channel payments solution across markets in Australia, New Zealand, Singapore, Hong Kong and Malaysia.
eWAY’s mPOS solution will consist of eWAY’s mobile application that is integrated with Mint’s software application (Mintegrate SDK/API) and the Mint card reader hardware. eWAY’s mPOS solution is designed to better service the needs of small and medium sized businesses who want to improve their cash flow; with the ability to connect to a wide range of small business applications such as online accounting software for invoicing, CRM solutions such as Salesforce and online shopping carts such as Shopify for inventory.
Matt Bullock, CEO of eWAY said: “Since 1998 we have been providing payment services to SMEs with a focus on simplicity and personalised customer service. 42% of all face-to-face transactions are processed using EFTPOS cards, and by using our mPOS solution, SMEs will be able to sell up to 42% more. Today’s announcement marks eWAY’s expansion into the lucrative omnichannel space by allowing our 20,000+ merchants to accept card present payments using Mint’s unique, agile and cost effective mPOS solution.”
Alex Teoh, CEO of Mint said: “We are very pleased to have the opportunity to partner with eWAY, not only in Australia and New Zealand but in Asia as well. To be part of eWAY’s launch of its mPOS solution is incredibly exciting and we are looking forward to working with eWAY to deliver an innovative and cost effective solution that will allow SMEs to accept more payments.”
Investor & Media Enquiries
Alex Teoh | Co-Founder & Group CEO | alex.teoh@mintpayments.com | +61 2 8752 7888
