Girl holding a mobile phone and shopping bags

Mint announced earlier this year a focus on direct-to-customer offering, following that the company undertook research to identify the needs and drivers of various customers.

The work resulted in a new vision for the company said co-founder and Group chief executive Alex Teoh.

“When we reflected on the findings of our research, we realised we needed to add value rather than just process it, and create a more rewarding payment experience for merchants,” he said.

Mr Teoh said the brand wanted to add value to the payments market and said the rebrand was just the start of the company’s change.

“This rebrand is really a symbol of the deeper change we’ve undertaken in at Mint, and over the coming months we’ve got several other exciting announcements we believe will reset the way people think about payments,” he said.

The company has also hired Adam Jones as the chief growth officer, abolished monthly fees for customers with large transactions and a new website.

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