Sydney, 28 April 2022: Mint Payments are excited to announce the signing of an exclusive 5-year agreement as the preferred payment partner for the National Lotteries and Newsagents Association (NLNA). The partnership includes plans to develop a comprehensive end-to-end payments ecosystem across the Australian newsagency network within the next 12 months and is set to include solutions for in-store, online, and B2B payments.
As Australia’s peak industry body formed with one clear purpose: to improve income, reduce costs and increase foot traffic for newsagents across Australia, the partnership will provide an opportunity for over 4,500 newsagencies across Australia to review their current payment relationships and fee structures and consider an alternative that reduces costs and provides the support they need.
The exclusive agreement with Mint will provide the Newsagency retail category, who process close A$1 Billion in total transaction volume, with a customized fee structure, streamlined onboarding process and dedicated support services.
Australia's First End-to-end Payment Solution for the Newsagency Retail Category
The first product to launch to the NLNA network under the new partnership (May 2022) will be Mint’s card-present payment terminal, in place of existing solutions used daily by business owners to process their customers’ payments in-store. Mint’s exclusive NLNA fee structure provides business owners with the option to absorb, split or pass on fees to customers as they choose and as their business needs evolve.
It is anticipated that by the end of Q4 2022, Mint will deliver a full spectrum of payment options including card payment (both in-person and online payments) and B2B supplier payments to the NLNA and associated member network.
MintEFT will enable newsagency owners to make secure, real time B2B payments to their supplier network through a single integrated portal, providing easy reconciliation and real time tracking of payments to and from suppliers. This innovation allows safer and easier payment method for both business owners and suppliers that improves cash flow and protects owners from fraudulent activity and mismanaged payment processes.
The partnership also benefits newsagency owners through integration with major point-of-sale software systems and provides a turnkey solution to owners looking to reduce their overheads by benefiting from:
- Payment process efficiencies through automation of their daily reconciliation process
- Enhanced protection from fraudulent activity via MintEFT’s admin/agent payment structure
- Providing future alternative payment options in line with their customers preferred payment methods
- Cost savings through aggregated volume benefits
- Access to the Qantas Business Rewards program with the opportunity to earn Qantas Points across Mint’s product offering.
A Partnership that Puts Business Owners First
NLNA CEO Brendan Tohill said “The NLNA is proud to partner with Mint Payments, they are such an innovative and customer-focused business. They understand the challenges of running a small business. Our main driver going to tender was cost savings to Australian newsagents and Mint Payments delivers that in spades. This is so vitally important to all newsagents right across Australia.”
Mint Payment’s CEO, Alex Teoh, added “We are very excited to be partnering with NLNA as their preferred payment partner as they plan for the future of newsagency retail. We are confident that Mint’s suite of payment solutions and focus on customer experience are in close alignment with the NLNA’s stated purpose of improving income and reducing costs to their members. Our Qantas Rewards program will also give business owners the chance to reward themselves through simply transacting, which is at the core of what Mint does – we believe every transaction your business makes should add value to businesses and their customer.”
About National Lotteries and Newsagents Association
Newsagents are now a general store, a convenience store, a parcel pick up, an outlet for lotteries, Nine Group, News Corp, and most of all a gifting store. NLNA advocates on behalf of news agencies with their major pillars including News Corp, Nine (Fairfax), Tabcorp and ARE Media and also has ACCC authority to negotiate with The Lott on behalf of its members. It holds regular workshops and member forums that provide the latest industry news and updates. NLNA exists to form partnerships that add value to their members through reducing costs, improving income and get more foot traffic into the stores of their members.
Discover more or sign up to NLNA here.
