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Home Community Contribution Community Articles The Market Is Underestimating The Importance Of Mint’s Deal With Interac And Its Ability To Monetize Its Existing 400,000 Base

The Market Is Underestimating The Importance Of Mint’s Deal With Interac And Its Ability To Monetize Its Existing 400,000 Base

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The Market Is Underestimating The Importance Of Mint’s Deal With Interac And Its Ability To Monetize Its Existing 400,000 Base

The Mint Corporation (OTCPK:OTCPK:MITJF) (MIT.V) held an analyst day on May 29 to inform the investment community of its recently announced exclusive licensing agreement with Interac in the UAE. A video summarizing the event along with comments from Kirkland Morris, Vice President, Enterprise Strategy and James Good, Head of International Business Development at Interac can be seen here.

A lot of the times small cap stocks move on deals with big names rather than the size of the deals themselves. I believe that MIT has both. Interac is very much a household name in Canada. While no numbers have been given to the investing public with respect to the potential size of this deal, the mere fact that these two executives are happy to join Mint in a presentation specifically designed to increase awareness of MIT stock should be an indicator of how important this deal actually is to Interac.

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