Mint Payments has signed a deal with fintech company Tappr, under which Tappr will integrate its point of sale (POS) application with Mint’s ‘card present’ payment solution to accept a wide range of card payments.
The Tappr solution features a reader, app and dashboard analytics with a view to servicing direct SME customer channels.
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Under the agreement, Mint will provide merchant acquiring services to Tappr. These services will allow both the companies to generate revenues from a share of the monthly fees, merchant services and transaction fees.
Tappr co-founder and CEO Brett Hales said: "Tappr will capitalise on the rapid growth in the mPOS and mobile payments industry by offering the Tappr solution directly to SME’s and retailers. Tappr’s vision is to be a market leader in the mPOS space by the end of 2015 and our partnership with Mint, a leading payments solution provider in Australia, will allow us to do that."
Mint CEO Alex Teoh said: "We are delighted to have been chosen as a payments partner by such an innovative company and we are looking forward to working with Tappr to provide SME’s with a unique and cost effective POS solution."
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By GlobalData
