BANKS

All financial entities are mandated for Electronic Disbursement of Salaries, however such entities face a challenge in establishing a cost effective service delivery model suitable for low income segments and, thus, face difficulties in retaining their corporates due to lack of a customized value proposition.

We have a deep understanding of their operating models, which allows us to craft solutions and deliver services that more effectively meet the needs of all major players in this space.

By doing this, the banks would be contributing directly to the financial inclusion of the low income cash wage earners into the financial mainstream of UAE, an important objective of the federal government today.

Benefits

Low Cost Entry

Minimal OR No Additional Infrastructure: Increase in customers leads to an increase in the infrastructure requirement, such as staff, IT and operational cost, etc. But with the Tie-up with Mint Middle East, partner banks will be able to utilize the integrated technology platform well-geared for handling volumes and well customized to deliver the various distribution channels.

Larger Customer Base

By outsourcing lower segment to Mint Middle East, Partner banks can serve the entire employer strength and win the payroll accounts for the higher salary segments.

More Revenue Streams

Banks will be able to take advantage of multiple revenue streams offered to the Bank customers through Mint Middle East Value added services.

EXCHANGE HOUSES

Mint Middle East caters to the exchange houses in UAE by providing end-to-end Electronic Disbursal of Payrolls along with other Value Added Services. The solution is available in both closed loop and exchange loop programs.

Depending on the solution, the exchange houses can choose to outsource the program end-to-end or may partially outsource the card management and ATM Management to Mint supported by a customized Web portal to cater to Employer and Employee’s basic requirements.

Advantages:

Complete cash-less mechanism, thus avoiding foot falls and queues at the branch location by the card holders who just come for cash collection.
Retail focus on their core business, i.e. Remittances
Possibility to integrate with Mint Middle East to provide Mobile Remittances for their Customer base.
Full engagement with Corporates and Card Holders
Minimal or no additional infrastructure: Increase in customers leads to increase in the infrastructure requirement, such as staff, IT and operational cost, etc.
Ability to take advantage of multiple revenue streams offered to the customers through Mint Middle East Value added services.

If you are interested in establishing one of these prepaid card programs for your organization, please contact us.

+971-4-3467786.