Mint Payments (ASX:MNW), a mobile payments and transactions...

Mint Payments (ASX:MNW), a mobile payments and transactions processing company, has been granted a trading halt by the ASX pending details of a capital raising.

Last month Mint outlined that it will partner with Tappr, a fintech company focused on providing business tools to SME’s including mobile POS, business analytics and lending.

Tappr entered into an agreement with Mint to licence and distribute its payments platform.

From this, Mint is to derive recurring revenues from, monthly fees, merchant services fees and transaction fees, in addition to setup and hardware fees.

The halt will remain in place until the opening of trade on Wednesday 22nd July 2015, or earlier if an announcement is made to the market.