Chat with Alex fyi

Finally I have a bit of relax time to relate my email chat with Alex Teoh to you here.

Bear in mind there is nothing market-sensitive about it and Alex has given me the go-ahead to share whatever content he has in his reply.
He sheds light on some of the processes in both Singapore and Malaysia which can delay implementation of the service and an outline of progress.

To kick it off, a couple of pics re NETS and a youtube link re practical use in New Zealand with their white-labelled payment system via BNZ

The 1st one is the problem faced in Singapore which shows multiple payment terminals that had to be used by merchants. Pretty messy...


There are FOUR payment processing units involved in the above example.
Mint's solution is to replace these with one 'unified' terminal which saves the merchant both space and multiple fees of over $150 p/mth.

This is what Mint's solution looks like to replace that mess..

Alex also provided this link for the BNZ solution :-

"Below is a video developed by our key partner Bank of New Zealand, which is an example of the type of business that we supply in New Zealand that services the hospitality and tourism industry:"