Quick Rundown and interested in others thoughts,Topped up today...

Quick Rundown and interested in others thoughts,
Topped up today after reading the very positive and solid Quarterly

MNW

Payment Solutions

Current Share Price 3c

Market Cap $20m

Available Cash = $4.6m

Cash Outflow = $0.4m

Cash Receipts up 46% Compared to Last Quarter

Total Quarterly Revenue Up 193% on PCP

Highest Quarterly Transaction Value of $208m up 25% on PCP

The Top 20 Shareholders of MNW hold 72.58% of shares on issue.

IOOF Major Holder & still buying now owns 13.5%

Network of Electronic Transfers (NETS) is a Singapore’s only local debit card scheme and largest payment network processing over $23 billion annually across 100,000 acceptance points. NETS is owned by the three largest, local banks (DBS, OCBC and UOB) 


Mint has developed and licensed a custom white-label payments platform for NETS that will be targeting retail, food and beverage outlets with the Mint payments white labelled solution

Mint has just Signed Contracts with Gate Group,the supplier to Virgin Australia In-Flight Payments & leading sports retailer Decathlon in Singapore with over $100m in transactions

New Zealand’s largest business bank (Bank of NZ)extends contract for a further 5 years and places order for NEW product targeting high value merchants

OutLook

Healthy pipeline of contracts and the Company looks forward to announcing major customers and partnerships in the coming months

Continued revenue and margin growth aimed to reach our goal of becoming cash flow positive.


Mint Payments Limited is a global mobile payment and transaction processing company.

MNW has a mobile payment technological platform that enables corporate enterprises to accept credit and debit card payments on various mobile phones and tablets.

MNW is headquartered in Sydney with offices and operations in London and Singapore.

Commsec One Charting Suggests

“MNW shares appear to be in a strong near-term rally”