MineSec
MineSec is a Singapore-based white-label SoftPOS technology provider that enables PSPs, acquirers, banks, and ISVs to accept contactless payments on NFC-enabled Android devices via its PCI MPoC-certified MineHades SDK and MineZeus attestation service.
- Company typePrivate
- Founded2020
- HeadquartersSingapore, Singapore
- Headcount501–1,000
- GTM typeB2B
- OfferingSoftware
What MineSec does
MineSec Pte. Ltd., incorporated in Singapore in 2020, is a white-label SoftPOS (Software Point of Sale) technology provider that transforms NFC-enabled Android smartphones and tablets into secure payment acceptance terminals. Its core technology stack comprises MineHades (an Isolated SoftPOS SDK with full EMV kernel support), MineZeus (a PCI-compliant Attestation & Monitoring backend service), a PCI-PIN service for PIN on Glass, the Embedded Payment SDK for in-app acceptance, the MineSec Pay reference app, and PaySurfer — a Payment Platform-as-a-Service launched in 2026 for multi-rail embedded payments across cards, digital wallets, QR codes, and alternative methods. The platform supports all major card scheme kernels (Visa, Mastercard, Amex, UnionPay, JCB, Discover, Diners, EFTPOS, PURE) and holds the rare distinction of full PCI MPoC Solution certification in addition to PCI DSS 4.0.
The company sells to acquirers, payment service providers, banks, ISVs, and payment terminal OEMs through a channel-first go-to-market model combining direct enterprise sales with white-label and SDK licensing. Revenue is generated through SDK licensing royalties, subscription-based white-label SoftPOS Suite licensing, recurring SaaS fees for the MineZeus Attestation & Monitoring service, and professional services for integration and certification support. Pricing is quote-based, typically structured as multi-year enterprise contracts or annual subscriptions tied to transaction volume, deployment scale, and feature scope.
MineSec serves a globally distributed customer base including Airwallex, NEXGO, 2C2P, Fiuu, Mswipe, S2M, Sadad, Tidypay, BeaverWorks, Banknbox, NCCC Taiwan, Neweb Partners, AbbyPay, Mongol iD, OpenRice, and Landi across Southeast Asia, East Asia, South Asia, the Middle East, Oceania, LATAM (via a 2026 JV with BSD Enterprise in Mexico), and Europe. The company has offices in Singapore (HQ), Hong Kong, and an engineering hub in Egypt.
MineSec firmographics
Firmographics- Name
- MineSec
- Legal name
- MineSec Pte. Ltd.
- Website
- https://minesecsoftpos.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- MineSec is a Singapore-based white-label SoftPOS technology provider that enables PSPs, acquirers, banks, and ISVs to accept contactless payments on NFC-enabled Android devices via its PCI MPoC-certified MineHades SDK and MineZeus attestation service.
- Ownership category
- akta.pro rank
MineSec industry classification
Industry- Product category
- Payment Processing Software
- akta.pro primary industry
- Alternative Payment Methods (APMs) Enablement (BNPL, wallets, local methods) (FSAMACAE)
Keywords
Where MineSec is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices3 records
Markets served
MineSec business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- SDK Licensing: MineSec licenses its SoftPOS SDK technology to payment service providers, acquirers, and ISVs who want to build their own SoftPOS solutions. This includes the MineHades Isolated SDK and Embedded Payment SDK, which provide the core technology components for contactless payment acceptance.
- White-Label SoftPOS Suite: Provides a complete pre-built SoftPOS solution (MineSec Pay app + backend services) that partners can white-label and deploy under their brand. Includes ongoing support and maintenance.
- Attestation & Monitoring (A&M) Service: Cloud-based backend service for real-time device/app attestation and monitoring. Provided as a SaaS subscription to SoftPOS solution providers for compliance with PCI CPoC and MPoC standards.
- Professional Services: Technical integration support, customization, and certification assistance for partners deploying SoftPOS solutions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Enterprise licensing for PSPs, Acquirers, and Banks |
| Subscription | Annual | ISV/Embedded SDK Licensing |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels7 records
MineSec product offering
Product offeringCore offering
MineSec provides white-label SoftPOS (Software Point of Sale) technology that transforms NFC-enabled Android smartphones and tablets into secure contactless payment acceptance devices. Its portfolio includes the MineHades Isolated SDK, MineZeus Attestation & Monitoring backend service, Embedded Payment SDK, MineSec Pay pre-built app, and the PaySurfer Payment Platform-as-a-Service, all certified under PCI CPoC and PCI MPoC standards and supporting all major card scheme kernels. The offering is sold primarily to payment service providers, acquirers, banks, and ISVs who deploy the technology under their own brands.
Product overview
MineSec offers a comprehensive SoftPOS (Software Point of Sale) technology portfolio consisting of two main solution tiers: the Technology Solution (for building solutions from ground up) comprising MineHades™ Isolated SDK, MineZeus™ Attestation & Monitoring Service, and PCI-PIN Service; and the SoftPOS Suite Solution (for expedited integration) featuring the Embedded Payment SDK, MineSec Pay App, POS API, and Service API. The company also offers PaySurfer, a Payment Platform-as-a-Service for multi-rail embedded payments. All solutions support major card schemes including Visa, Mastercard, Amex, UnionPay, JCB, Discover, and Diners, and are built to comply with PCI CPoC and PCI MPoC security standards.
Differentiator
Problem solved
Functional benefit
Brands
- MineHades: SoftPOS Isolated SDK that transforms mobile devices into secure acceptance terminals with all major EMV kernels, advanced security, and key management.
- MineZeus
- MineSec Pay
- MineHades PRO
- PaySurfer
Products and services
- MineHades SoftPOS Isolated SDK
Quantifiable outcome
- PCI DSS certification reduces testing scope and shortens time-to-market for customers' SoftPOS solutions
- +2 more outcomes
Companies that use MineSec
Customer profileNamed customers16 records
Segments4 records
Ideal customer profiles4 records
MineSec technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature9 records
MineSec partnerships and signals
Strategic signalPartnerships
21 partnerships are on record, tiered core and minor.
- BSD EnterprisecoreMineSec and BSD Enterprise signed an MoU to form a joint venture in Mexico focused on developing a mobile-first acceptance platform for LATAM. The platform combines SoftPOS technology with acquiring and gateway capabilities to address market fragmentation across the region.
- BSD EnterprisecorePartnership to introduce a mobile-first acceptance platform in Mexico and the LATAM region, combining MineSec's technological expertise with BSD Enterprise's regional market knowledge.
- BanknboxcoreJoint forces for an end-to-end SoftPOS MPoC certified solution, empowering financial institutions to offer secure, efficient, and cost-effective payment processes.
- 2C2PcoreFirst to integrate Tap-to-Pay and QR payments in Singapore, launching versatile card and QR payment app on Android empowering businesses to accept popular digital payment methods.
- AbbyPay (Payment Cards Group)coreMineSec powers AbbyPay, a PayFac-as-a-Service platform designed to accelerate SoftPOS adoption across Hong Kong's F&B, retail, logistics, and event ecosystems.
- Neweb PartnerscoreNewebAIO SoftPOS, the first SoftPOS service launched by a dedicated electronic payment institution in Taiwan, built on MineSec's PCI MPoC-certified platform.
- TESS PaymentscoreMineSec and TESS Payments signed MoU to expand SoftPOS services in Qatar, formalizing strategic collaboration to extend and promote SoftPOS payment services in the region.
- BeaverWorkscoreMineSec made first SoftPOS foray into South Korea with BeaverWorks, which integrated MineSec SoftPOS SDK with their payment application for merchants to accept contactless payments.
- NCCCcoreNCCC's NCCNet SoftPOS solution received PCI CPoC certification leveraging MineSec's SDK. NCCC credited MineSec for enabling SoftPOS development and certification process for retail merchants.
- Mongol iDcoreMineSec enabled Mongol iD to launch SoftPOS for their MinuChat app, making it Mongolia's pioneering fintech with unified merchant solution including SoftPOS functionality. Mongol iD processes 32%+ of POS transaction volume in Mongolia.
- UnionPay InternationalcoreMineSec obtained the world's first UnionPay International approval on SoftPOS with PIN for its MineHades SDK, demonstrating readiness to meet UPI SoftPOS solution requirements and PCI MPoC standards.
- Discover Global NetworkcorePartnership to support onboarding of Discover acquirers and payment solution providers to the Discover Tap on Mobile solution, offering strategic jumpstart to innovations in SoftPOS payment experiences.
- PCI Security Standards CouncilcoreMineSec joined PCI SSC as a Participating Organization to contribute to the development of PCI Security Standards and help secure payment data worldwide through ongoing standards development.
- NCCC (National Credit Card Center)coreTaiwan's domestic payment network selected MineSec's white-label SoftPOS solution for contactless payment acceptance. MineSec worked with local partner Kollis to support NCCC's SoftPOS implementation journey.
- TidypaycorePartnership to bring new contactless payment solution to retailers in Europe, allowing acceptance of contactless card payments on mobile phones or tablets without traditional payment terminals.
- NEXGOcoreStrategic commercial agreement where NEXGO leverages MineSec's technology to implement its first-ever PCI CPoC solution. NEXGO is a worldwide influential technology company with over 38 million POS terminals sold globally.
- LandicoreLANDI P Series hardware now supported on MineSec's newly launched PaySurfer Platform, enabling partners more choice when deploying secure, modern payment experiences for retail, hospitality, field services, and mobile commerce.
- BCTCcoreBank Card Test Center evaluated MineSec SoftPOS SDK for PCI CPoC laboratory accreditation. As a PCI-recognized laboratory, BCTC helps payment service providers validate payment security.
- KollisminorLocal partner in Taiwan supporting NCCC's SoftPOS implementation journey with MineSec's technology.
- BV ICTKcoreVisa-recognized laboratory that conducted functional tests for MineSec SoftPOS SDK compliance with Visa Ready Tap to Phone Kernel Specification.
- AWS CloudcoreCommercial cloud service provider hosting MineSec's backend services to provide adequate performance and reliability for customers' usage around the world.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
MineSec competitors and assessment
Company assessmentDirect peers
- Stripe Terminal: Stripe Terminal offers SDK-based software POS and hardware card readers for contactless and chip payments. It is the most direct competitor to MineSec for PSP and developer-led SoftPOS adoption, including Tap to Pay on iPhone.
- SumUp: European-headquartered payments and SoftPOS provider with Air, Solo, and Tap to Pay offerings. Competes head-to-head with MineSec's white-label SoftPOS in SMB and PSP channels across Europe, LATAM, and increasingly APAC.
- Zettle by PayPal: PayPal's Zettle offers mobile card readers and Tap to Pay on iPhone and Android for SMBs. Zettle's focus on end-merchant hardware competes with MineSec's downstream partners that target the same micro-merchant segment.
- Block (Square): Square pioneered the original mobile card-reader and SoftPOS concept and competes globally with mobile payment acceptance technology. While Square focuses more on direct merchant relationships, its tech stack sets the benchmark MineSec's partners are measured against.
- myPOS: European all-in-one payment acceptance provider offering mobile POS, SoftPOS, and merchant accounts. myPOS targets similar SMB and PSP segments as MineSec's downstream partners.
Broad incumbents
- Adyen: Global payments platform offering unified online, in-app, and in-person payments including terminals. Adyen's in-person product competes at the enterprise acquirer level MineSec sells into and represents both a customer opportunity and a competitive threat.
- Verifone: Global payment terminal hardware giant that has expanded into software and SoftPOS offerings. As a hardware incumbent with deep acquirer relationships, Verifone represents both a route to market and a competitor to MineSec's suite.
- Ingenico (Worldline): One of the largest payment terminal manufacturers globally, now part of Worldline. Ingenico's move into software POS overlaps with MineSec's positioning and competes for the same acquirer-led RFPs.
- Pax Global Technology: Hong Kong-headquartered payment terminal manufacturer with global distribution. Pax competes in the same APAC and emerging markets MineSec serves via its PSP partners.
Emerging players
- Toast: Vertical SaaS POS for restaurants offering integrated payment acceptance including Tap to Pay. Toast exemplifies the kind of vertical SaaS ISV that uses MineSec's Embedded Payment SDK, but it has also built proprietary acceptance, making it an aspirational ISV peer and partial competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
MineSec social profiles
Digital presenceMineSec compliance and trust
Trust signalCompliance16 records
MineSec financial estimates
Financial estimateRevenue estimate
Valuation estimate
MineSec leadership team
Management profileNumber of profiles
Profiles4 records
MineSec funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MineSec M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MineSec
What does MineSec do?
MineSec provides white-label SoftPOS (Software Point of Sale) technology that transforms NFC-enabled Android smartphones and tablets into secure contactless payment acceptance devices. Its portfolio includes the MineHades Isolated SDK, MineZeus Attestation & Monitoring backend service, Embedded Payment SDK, MineSec Pay pre-built app, and the PaySurfer Payment Platform-as-a-Service, all certified under PCI CPoC and PCI MPoC standards and supporting all major card scheme kernels. The offering is sold primarily to payment service providers, acquirers, banks, and ISVs who deploy the technology under their own brands.
Is MineSec a public or private company?
MineSec is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was MineSec founded?
MineSec was founded in 2020. It employs 501 to 1,000 people.
Where is MineSec based?
MineSec is headquartered in Singapore, Singapore, in the Asia region.
How does MineSec make money?
Four revenue lines are on record. SDK Licensing is the primary driver. The others are white-Label SoftPOS Suite, attestation & Monitoring (A&M) Service and professional Services.
Who are MineSec's main competitors?
Direct peers on record are Stripe Terminal, SumUp, Zettle by PayPal, Block (Square) and myPOS. Broad incumbents are Adyen, Verifone, Ingenico (Worldline) and Pax Global Technology. Toast is listed as an emerging player.
Does MineSec have an API?
Yes. MineSec provides RESTful APIs for backend integration, enabling seamless communication between SoftPOS applications and acquiring systems. The Service API provides REST APIs to facilitate merchant, device, and transaction management. The POS API integrates with the SoftPOS app via different launch modes like app-to-app call or via local network RESTful call. Supports various payment message formats including ISO8583, JSON, and XML. Developer documentation is at docs.minesecsoftpos.com.
What industry is MineSec in?
MineSec's product category is Payment Processing Software. Its primary akta.pro industry code is FSAMACAE, Alternative Payment Methods (APMs) Enablement (BNPL, wallets, local methods).