Dubai, UAE: Mint Middle East, one of the region’s fintech payments behemoths, has forged a strategic partnership with Texas-based global payments solutions leader Payolog; initially announced on the first day of Seamless Middle East 2021, the region’s largest payments technology conference and exhibition.
Payolog’s expertise in payment technologies has a proven record worldwide. The company’s unique technology framework offers unparalleled flexibility and diversity in products and services that address varying needs and priorities of customer groups across all financial, social, and digital divides. Its innovative solutions range from smart city solutions, credit/debit/prepaid card management, issuing and omni-channel acquiring, switch/integration middleware, mobile wallets, loyalty, crypto exchange, eCommerce, transit, healthcare, and many more.
The modularity of its technology has been Payolog’s core advantage, enabling banks, financial institutions and merchants with faster reach to millions of consumers with less investment, buy-on-demand technologies, and easy plug-and-play integration with dynamic APIs.
Mint, on the other hand, has successfully bridged the banking gap for 1.1 million direct and more than four million indirect beneficiaries globally. Its focus on providing easy financial services to people who otherwise have no access to world-class digital financial solutions has saved millions of dollars for the underbanked, thus avoiding the “poor tax” – a widespread practice in the financial industry. Mint’s mobile-enabled fintech platform, which has empowered the underbanked and driven financial and digital inclusion in the region, will receive a futuristic makeover with this Payolog partnership.
Abdulrazzaq Al Abdullah, Chairman & CEO of Mint Group, said: “This announcement serves as our commitment to the future. We have successfully used the past decade for financial inclusion and creating technology awareness and have delivered innovative services to our customers. Mint’s core philosophy of disruptive innovation is meant to advance ease of living, business, and the economy; these ideals, along with our new alliance, have propelled us into the future. Personally, I am excited about the technologies which will keep us ahead of our competitors. On behalf of Mint, we welcome Payolog into this exciting region of unlimited possibilities”.
Ayse Nil Sarigollu, Executive Chairwoman of Payolog, spoke about the collaboration at Seamless 2021: “We are delighted to be partnering with Mint. This is a big investment in our shared journey towards seamless, safe, and convenient payment systems that will touch lives. It will help us double our commitment to this region, which provides an ever-growing space for safe and innovative payment mechanisms.”
She added: “We believe the partnership will help us leverage our expertise in smart payment solutions and other related technologies, channel them towards local adoption, and especially fuel UAE’s quest to become the most futuristic, technology-enabled, connected community.”
With the alliance, Mint has taken another step towards driving greater innovation in the sphere of digital banking and payments. Combined with Smart City-specific solutions such as the AFC (Automated Fare Collection) platform for transit, these services will ensure that Mint’s future products and solutions deliver ease of mind and confidence to a broader audience in the region.
Al Abdullah concluded: “In the past, we saw UAE driving entrepot solutions through its marvelous ports, then connecting the world through the best airlines. Today, we see several homegrown Emirati unicorns and the only government in the world adapting more quickly than private enterprises. We are privileged to be working in this dynamic, ever-changing landscape. Based on Payolog’s innovative technologies, Mint is set to invest and partner with several banks and financial institutions in the region to launch unique digital banking services that create value in the day-to-day lives of consumers.Both teams are eager to build a combined prominent presence at Seamless 2021 and celebrate the advancement in payments technology, despite the global health challenges faced by all in the preceding year.”
About Mint Middle East:
Mint Middle East LLC, together with its subsidiaries (Mint Group), is a globally certified payments processing and acquiring company with headquarters in the United Arab Emirates. The Mint Group is approved by the UAE Central Bank, Mastercard, and UnionPay as a third-party payment processor.
Mint has built a mobile-enabled fintech platform that empowers the underbanked and drives financial and digital inclusion in the region. The Group has been a dominant player in the industry, with a proven record of managing over 1.1 million cards issued under UnionPay and Mastercard schemes and processing payments for thousands of clients and financial institutions with a total transaction volume of AED5 billion. The Group’s offerings cover a comprehensive range of products and services built on issuing, processing, and acquiring solutions with end-to-end program management, channel management, and value-added services. Leading the digital-first wave for underserved merchants, the Group has expanded into a 360-degree vertically integrated merchant solution unified with electronic payment acceptance, enabling them to digitally transform their businesses and expand their reach to more customers.
About Payolog:
Payolog is a technology company within the global payments industry, thriving to become the finest in payment solutions and services by providing a unique framework and wrapping all the payment systems solutions within. We provide payment and smart city solutions such as Credit/Debit/Prepaid Card Management Systems, Switch/Integration Middleware, Open and Closed Loop Transit/Transportation solutions, Loyalty Management, Loan Origination System, Loan Management System, etc. Our diversity in products and services is unparalleled, and our purpose is to provide a wide range of products with top-quality service and knowledge. Our team is the real asset, and they bring in 25+ years of experience, knowledge, diversity, globality, and teamwork. Our goal is to become your solution partner for all your Payments Technology requirements.
This strategic alliance is set to capture the next wave of the digital payments revolution by offering unified payment solutions and boost regional expansion through shared intellectual capital
