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Mint UAE-based unit acquiring another payroll card portfolio

Mint Gateway For Electronic Payments Services LLC, a United Arab Emirates-based subsidiary of The Mint Corp., is acquiring a U.A.E.-based financial institution's portfolio of more than 100,000 payroll card accounts.

Mint Gateway For Electronic Payments Services also had a similar transaction in October 2018. The UAE-based subsidiary is projected to have 600,000 cards once it has completed transferring these portfolios to its platform.

The UAE Central Bank has approved both deals.