"Hi ******: Thank you for your e-mail. I appreciate your...

"Hi ******:

Thank you for your e-mail. I appreciate your thoughts and thank you for taking a strong interest in our company. "

"We are extremely excited to have NETS go live after many months of implementation with them. This implementation was the most difficult we had to implement in our company’s history, largely due to the fact that we had to deploy our payments platform in Singapore and in their data centre. The reason for that is that the Singapore government does not allow for domestic payments to be routed offshore and this took much longer than we expected. "

"However, we are there now and feel that this is a watershed moment for the Mint business and well worth it as what we have achieved has significant barriers to entry and by working with the virtual monopoly in Singapore, NETS is the perfect partner for a developed and advanced market like Singapore. In Singapore, NETS transactions account to over 50% of all card transactions, so if we were to be successful in Singapore, we would need to process all payment types and there would be no better Partner than NETS to license and deploy a complete debit and credit card solution in the Singapore market. We are extremely excited with our launch in Singapore as they have a real issue with having a very costly, unintegrated payments infrastructure, with every retailer / merchant requiring multiple terminals per location (costing them $150+ per month). Mint is one of a few solutions that will “unify” and provide one terminal that can take all card types."

"NETS has gone live and selling the solution in Singapore and they will be updating the white label software we built for them to include credit card payments in the coming two months."

"....credit card is going to be a software update that will be done over the air through a software update for all new merchants that sign up for the service. There will not be any disruption or significant process to add credit card payments to the service for existing merchants that have taken on the service from the go live date."

"The contract with UOB in Malaysia is in final stages of drafting and versions between Mint and UOB. We do not see any material issues as all the main terms and commercials are confirmed via the Heads of Agreement.
The delay in this was due to the current elections and public holidays that have impacted the commercial review process."

"Thanks ****** and thank you for your support.

Best Regards,

Alex "