Close Menu
TheKhaleejPost
    What's Hot
    Culture

    Earth Day Mangrove Planting with EEG & UAQ Municipality

    Business

    SCO to play increasingly vital role in enhancing regional prosperity

    Culture

    Global climate survey in Saudi Arabia shows significant awareness of global warming, demand for urgent action

    Important Pages:
    • Home
    • Privacy Policy
    • Terms & Conditions
    Facebook X (Twitter) Instagram Pinterest
    Facebook X (Twitter) Instagram Pinterest
    TheKhaleejPost
    • Home
    • Technology

      Future-focused: Swiss International Scientific School in Dubai expands IB Career-related Programme

      ArabyAds Talent introduces the next evolution of celebrity management and representation for MENA’s public figures

      Nokia, CST, ACES NH, along with Mobily and Zain launch industry-first 4.0 GHz spectrum sharing deployment using Neutral Host model in Saudi Arabia

      LG launches “Radio Optimism” campaign to spread “Life’s Good” through music

      EMR June 2025: 5G and FWA accelerating Gulf region’s digital ambitions

    • Business

      Abu Dhabi Securities Exchange signs MoU with Budapest Stock Exchange for strategic partnership and collaboration

      Etihad Salam Telecom Company hosts first regional Riot Games Server in Saudi Arabia

      DGHR organises ‘Community Change Lab’ to advance ‘Year of Community’ objectives

      Contact Insurance Brokerage joins forces with UN Global Compact to champion ESG and women in leadership

      Sandoz Egypt introduces OMNITROPE 15mg biosimilar growth hormone for the treatment of short stature

    • Submit A Press Release
    TheKhaleejPost
    Home » Mint joins hands with S2M to transform financial services landscape
    Business

    Mint joins hands with S2M to transform financial services landscape

    Facebook Twitter Pinterest WhatsApp
    Share
    Facebook Twitter Pinterest WhatsApp

    Dubai, UAE: Mint, one of the leading payment solutions providers with its own distribution channels across the United Arab Emirates, has entered into partnership with S2M as part of its expansion plans. 

    Mint has embarked on a long-term partnership with S2M to introduce a modular core banking platform that prioritizes API-first architecture, cloud-agnostic capabilities, and high configurability. 

    Commenting on the partnership, Abdulrazzaq Al Abdullah, Chairman & CEO of Mint Group said, “The company’s focus under this partnership is on moving towards advancing financial inclusion and digital transformation, enhancing the lives of underserved individuals and Micro Small and Medium Enterprises (MSMEs) across the region.”

    He said, in collaboration with S2M, the company has taken a significant stride to a mission to establish innovative Digital Banking Services and aims to deliver cutting-edge solutions that reduce the cost of living for individuals and drive economic growth for businesses.

    Abdulrazzaq Al Abdullah further mentioned that Mint picked S2M as partner on the basis of shared values of customer-centricity, flexibility, and their result-oriented track record. He said, Mint and S2M are like-minded managements. Under this collaboration, existing financial solution systems will be revamped with the latest cloud-native electronic payment technologies of S2M, having served over 200 financial institutions globally, demonstrating its commitment to innovation and reliability. 

    Expressing his views, Mohamed Amarti, Executive Vice President at S2M said, “This collaboration aims to provide flexible solutions that instill confidence, trust, and comfort ensuring seamless integration and empowering users with innovative banking experiences.” 

    According to Ernst & Young (EY), there were 557,000 SMEs in 2022, with approximately 366,000 SMEs in the mainland as per Mint’s research and expected to grow to one million SMEs in the UAE by 2030. 

    As per the CBUAE annual report 2022, SMEs contribute 63.5% to the non-oil GDP and represent 94.4% of companies operating in the UAE, while 85% of the underserved SMEs (mainland) represent the potential addressable market for Mint. EY’s study reveals that 62% of SMEs express a need for faster credit, 72% are interested in trusted advisory services, 75% desire swift digital onboarding, and 75% want their providers to excel in the basics.

    Similarly, from the retail perspective, the UAE boasts a vibrant population, yet a significant portion struggles to access financial services across a fragmented ecosystem of FIs. With a population of 10 million in 2022, approximately 65% are part of the workforce, of which 5.8 million represent Mint’s target market for advancing financial inclusion through hyper-personalized offerings. Of the seven million bank customers, a mere two million have access to credit facilities, with a stark absence of innovative credit models. Mint’s research has identified key challenges facing the industry, include fragmented products and services, inconsistent processes, high costs to banks, insufficient advisory services, and limited access to credit facilities. Mint stands poised to address these challenges and reimagine the way it provides services, offering add-on services that meet evolving needs.

    With Mint’s extensive experience spanning over a decade in payment processing, the company embarked on a transformative journey in 2020, divesting its business to pave the way for a fresh start. Now, as a greenfield company, Mint finds itself at a unique juncture, brimming with opportunities to reimagine the future of financial services. Drawing from its illustrious past, which includes serving over 600,000 customers and partnering with 6,000 telco merchants in the acquiring space, Mint stands ready to innovate and lead the way forward.

    Share. Facebook Twitter Pinterest WhatsApp
    Previous ArticleAUS named among top 125 in THE Young University Rankings 2024
    Next Article TCL Electronics introduces the latest QD-Mini LED TV and smart home appliances in Istanbul

    Related Posts

    Business

    Abu Dhabi Securities Exchange signs MoU with Budapest Stock Exchange for strategic partnership and collaboration

    Business

    Etihad Salam Telecom Company hosts first regional Riot Games Server in Saudi Arabia

    Business

    DGHR organises ‘Community Change Lab’ to advance ‘Year of Community’ objectives

    Business

    Contact Insurance Brokerage joins forces with UN Global Compact to champion ESG and women in leadership

    Business

    Sandoz Egypt introduces OMNITROPE 15mg biosimilar growth hormone for the treatment of short stature

    Business

    Simah Rating Agency assigns “BBB-” solicited national scale entity ratings to Innovest Real Estate Company

    Business

    6 Ways the UAE Government Is Using AI to Deliver Smarter Public Services

    Business

    Etihad Airways welcomes 20 million passengers and over 100 aircraft

    Stay In Touch
    • Facebook
    • Twitter
    Top Picks
    News

    Cleveland Clinic Abu Dhabi reports 35% growth in international patient volume for 2024, boosting the UAE’s position in medical tourism

    Cleveland Clinic Abu Dhabi, part of the M42 group, has recorded a 35% increase in…

    Fuze closes $12.2 million Series A to power digital asset infrastructure

    IMAN Developers launches One Sky Park, featured by Versace Ceramics in JVC

    Scci Is Ready To Launch The Seventh Edition Of Al Dhaid Dates Festival

    CNTXT leverages AWS cloud to empower UAE start-up and Abu Dhabi government at GITEX 2024

    Stay ahead with TheKhaleejPost, your premier destination for breaking news, analysis, and in-depth coverage across the Gulf region and beyond. Discover diverse viewpoints, stay informed, and delve into the stories shaping our communities and world.

    Facebook X (Twitter)
    Categories
    • Business (395)
      • Career (1)
      • Management (5)
      • Startup (11)
    • Culture (77)
    • Entertainment (31)
      • Celebrity (3)
      • Movies (2)
      • TV Shows (1)
    • News (72)
    • Politics (12)
    • Technology (64)
      • Phones (2)
      • Science (2)
    • Videos (10)
    Our Picks
    Business

    Investing in the Strong 2024 Stock Market: A Global Perspective

    Business

    Dubai real estate on course to pass AED500 billion milestone in 2024

    Business

    LMD’s Most Respected Entities 2023 Crowns Unilever Sri Lanka As The No.1 Most Respected FMCG Company 2023

    © 2025 TheKhaleejPost.
    • Home
    • About Us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Type above and press Enter to search. Press Esc to cancel.