Mint rolls out online marketplace for small merchants

Tuesday 28 May 2019 11:06 CET | News

Mint has announced that its majority-owned subsidiary, Mint Middle East (MME), has launched GoMart, an online marketplace focused on grocery and convenience stores.

With this launch, Mint continues to expand its portfolio of digital financial products in a bid to drive financial inclusion in the UAE by building technology capabilities on its platform. This service will be offered on a base subscription plan (monthly or annual) with add-ons for value added services.

According to a PWC retail survey cited in the press release, there are over 130,000 small and medium sized merchants in UAE with no in-store POS solution. With the recent introduction of value added taxes (VAT) the Government of UAE has solidified its efforts in creating a cashless economy.

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Keywords: Mint, online marketplace, merchant, ecommerce, UAE
Countries: World