Mint Appoints Seasoned Chief Technology Officer

TORONTO, Feb. 27, 2018 (GLOBE NEWSWIRE) — The Mint Corporation (TSX-V:MIT) (“Mint”) is pleased to announce that it has appointed Neil Gilday as Chief Technology Officer (CTO). Neil will be responsible for Mint’s North American innovation effort including Mint Block Corp., Mint’s blockchain initiative.

Mint has grown in scale and complexity over the last five years. It has evolved from a payroll administrator to a globally certified payments organization. The United Arab Emirates (“UAE”) has been a good base of operations to build Mint’s business. Dubai is a global city with aspirations to be a global hub for trade and commerce, with a focus on digital payments. This is critical to support the UAE’s large population of migrant workers. Now that a strong foundation has been built in the UAE it is time to leverage Mint’s infrastructure in synergistic verticals both in the Gulf and internationally.

Neil has 25 years of experience in technology and financial services. He is the co-founder of several successful software companies focused on financial services targeting RegTech, account management and real-time information serving. Neil has a degree in computer science from McGill University, and holds the Chartered Financial Analyst (CFA) designation.

“Neil has been a valued board member and we are pleased that Neil has decided to take a more significant role in Mint. Neil’s experience in financial technology will be invaluable as Mint continues to grow its global payments business. We also are excited for Mr. Gilday to spearhead various initiatives, including Mint Block,” says Vishy Karamadam, CEO of Mint.

“The payments industry is going through some dramatic evolution and I look forward to helping Mint capitalize on these opportunities. Mint is now a technically savvy company and bringing innovative technology solutions to the market is very much in my sweet spot!” says Neil Gilday CTO of Mint.

About Mint
The Mint Corp (TSXV:MIT) is a globally certified payments company headquartered in Toronto, Canada with its primary business in Dubai, United Arab Emirates (UAE). Mint is approved by the UAE Central Bank, Mastercard and UnionPay as a third-party payment processor. Mint processes over US$1 billion in payroll annually for hundreds of corporate clients, financial institutions and has approximately 400,000 cardholders. Mint’s clients include some of the leading blue-chip companies in the UAE.

Mint provides employers with automated payroll services and a proprietary Automated Teller Machine (ATM) network for their unbanked employees. Mint community members are issued a personalized, globally accepted, MasterCard or UnionPay card and a linked mobile wallet, where their salaries are deposited. This mobile wallet effectively becomes the employee’s bank account.

The mobile wallet offers a comprehensive suite of services including remittance, mobile phone top-up, rewards, and insurance, among others. The mobile wallet enables unbanked employees to purchase services and spend through the wallet.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The Mint Corporation
Kym No
Interim CFO
647-252-1664
www.themintcorp.com