August 26, 2019 – Mexico City, Mexico – Newt Corporation (“Newt” or the “Company”) is pleased to announce the signing of a contract for Telcel (America Movil) – in Mexico. The service will be provided by Celular Express (also known as CELEX) – one of the largest retailers of cellular phones in Mexico and one of the biggest top up distributors for Telcel.
Newt’s customers will be able to top up their mobile phones instantly or send top-ups
to their family or loved ones on Newt platform through the mobile application. Newt’s
API integration with CELEX will provide for seamless, secure and real-time purchases.
This contract will give Newt and the gateway of operations in Mexico to resell Top Up for
Telcel in all of its 9 regions of Mexico.
“This contract will allow Newt to offer efficient pricing for our clients, in addition to
redundancy in Newt’s network for domestic Top Up for Telcel and will enable Newt’s
customers to send mobile airtime domestically instantaneously”, stated Sergio Maya
Aleman, CEO of Latin America for Newt Corporation. “We are committed to give
customers the best possible methods to top up their mobile phones through our platform,
in order to create more customer satisfaction, resulting in increased loyalty, thus making
Newt service offering more competitive. We are excited to add an additional service that
will benefit our target customers and their loved ones back home.”
About CELEX
Grupo CELEX is a company dedicated to the commercialization of wireless
communication solutions, focused on cellular telephony and having TELCEL as its
primary customer.
Founded in 1991 as a subsidiary of CellStar, Celex managed to become the main distributor
of TELCEL in the very first months of operations. In 2005 a strategic alliance with two
recognized Mexican companies in telephony market – Soluciones Inalámbricas, SA de CV
y Comunicación Celular Nacional, SA from C.V. – was formed. The companies joined their
resources for sales of mobile phones and airtime to end customers in prestigious department
stores such as Liverpool and Factories of France, providing Compliance Service
throughout the territory of Mexico. In 2007, the Group acquired CellStar operations,
therefore further strengthening the Group’s operating and financial infrastructure.
Today, Celex brings the best phone brands and premium accessories for mobile telephony
to its customers, while continuing to be the leader in the market.
For more information, visit www.celex.com
About Newt
Newt Corporation is a Canadian Company with subsidiaries in Mexico, USA & Europe
that aims to become a Fintech Leader in Services of Prepaid and Bill Payment transfers
and products for unbanked market, as well as mobile and digital online payments. Utilizing
the latest payment processing technologies and partners, Newt provides merchants,
consumers, and the unbanked population with cashless mobile payment services,
rechargeable prepaid cards, and other services. By choosing Newt System Solutions, end
customers will take the guessing game out of sending payments, and merchants will be
empowered to provide seamless transactions in a more secure and efficient way.
Newt’s next generation payment transfer solutions use new methods for international
digital transfers. The company’s platform has been designed from the ground up for
modern digital transfers with an ecosystem with full configurability, open API integration,
and enhanced value-added services.
For more information, visit www.GetNewt.com.
For further information, please contact:
Newt Corporation
100 King St. West, Suite 5700
Toronto, ON M5X 1C7
info@getnewt.com
Forward – Looking Information
Certain information set forth in this news release may contain forward – looking information that
involve substantial known and unknown risks and uncertainties. This forward – looking information is
subject to numerous risks and uncertainties, certain of which are beyond the control of the Company,
including, but not limited to, the impact of general economic conditions, industry conditions, failure to
enter into a definitive agreement and complete the Acquisition, and dependence upon regulatory
approvals. Readers are cautioned that the assumptions used in the preparation of such information,
although considered reasonable at the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward – looking information. The parties undertake no
obligation to update forward – looking information except as otherwise may be required by applicable
securities law.
