Mint Payments’ (ASX:MNW) partnership with Bank of New Zealand...

Mint Payments’ (ASX:MNW) partnership with Bank of New Zealand has resulted in the successful deployment and enhancement of the bank’s “PayClip” payments product.

This enables business owners in New Zealand to accept the full spectrum of card payments, including Visa, MasterCard and EFTPOS through methods such as NFC Contactless, Chip & Pin and Magnetic Swipe.

New Zealand’s electronic payments market is growing rapidly with $6.2 billion spent across 125 million transactions during January 2015.

Smartphone penetration in New Zealand is forecast to rise to 90% by 2018, which will make PayClip accessible to even more businesses.

Mint will continue to supply its fully branded iOS and Android mPOS apps and the new M10 Bluetooth card reader to BNZ, enabling small business owners to effectively utilise their smartphones or tablets as EFTPOS machines.

The new PayClip card reader is one of the smallest and most powerful mobile card readers on the market which features innovative Plug & Play technologies for quick installation.

The enhanced hardware readily supports contactless payments – including Apple Pay and other digital wallets using NFC technologies.

Mint has also entered into an aggregation agreement with New Zealand’s leading electronic payments provider Paymark.

Paymark has more than 75,000 merchants and over 110,000 EFTPOS terminals connected to its network.