MYOB has entered into an agreement with Mint Wireless for the company to distribute, license and integrate Mint Wireless’ mobile payment solutions with MYOB’s software products.
Set to span five years across Australia and New Zealand, under the exclusive agreement, Mint Wireless will receive an annual license fee from MYOB.
Other terms of the deal include the company receiving a proportion of the monthly and transaction fees from the users of the mobile payment solution incorporated into MYOB’s software products.
A global mobile payments and transactions processing company listed on the Australian Securities Exchange, Mint Wireless has a mobile payments technology platform that enables corporate enterprises to accept credit and debit card payments on various mobile phones, tablets and mobile devices.
Headquartered in Sydney, the company has invested and built bank grade payments technology and infrastructure that has allowed it to become a multi-channel and multi-national payments organisation.
The exclusive deal comes two months after MYOB completed a $136 million acquisition of unlisted New Zealand business BankLink.