The new solution will enable merchants to accept all major credit cards and Nets debit cards.
For the rollout and implementation of the five-year mPOS solution with Nets, Mint will receive upfront implementation and hardware fees, a recurring monthly fee from each merchant using the system and a share of all transaction fees.
According to Nets CEO Jeffrey Goh, the strategic partnership with Mint will deliver end-to-end payment solutions that will benefit merchants in Singapore.
One in three Singaporeans uses Nets every day to make payments across a network of 91,000 acceptance points nation-wide.
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