August 14, 2018 – Toronto, Ontario – Newt Corporation (“Newt” or the “Company”) is
pleased to announce that it formed a Strategic Partnership with Carta Worldwide, an
Oakville-based award-winning leader in digital transaction processing and enablement
technologies, on May 1st, 2018.
As per the terms of the agreement, Carta Worldwide agrees to provide Newt Corporation
with extensive API access for Fintech business, allowing Newt to provide innovative
services for both personal and commercial customers. Carta also commits to assist Newt
in connecting with broad range of global banking and clearing partners. In addition, Carta
will offer customized solutions in accordance with the expansion of Newt’s business, and
will optimize its offering to meet Newt’s future strategic layout. With Carta’s ongoing
support, the company is confident that its payment platform will be able to offer an
unprecedented advanced user experience.
Jared Hong, Newt’s Director of Innovation and Technology, noted: “Strategic partnership
with Carta is a significant milestone for a young and ambitious company, such as Newt.
We are excited to have Carta as our partner and are confident that their support will solidify
our product and service offering.”
Newt Corporation is a Canadian Company that aims to become a Fintech Leader in money
transfers, as well as mobile and digital online payments and services. Utilizing the latest
payment processing technologies, Newt provides merchants, consumers, and the unbanked
population with cashless mobile payment services, rechargeable prepaid cards, and
remittances. By choosing Newt Payment System, 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 delivers next generation payment
transfer solutions using new methods for international money transfers. The company’s
platform has been designed from the ground up for modern payments in a new ecosystem
with full configurability, open API integration, and enhanced value-added services.
For more information, visit www.GetNewt.com.
About Carta Worldwide
Carta is an award-winning leader in digital transaction processing and enablement
technologies, including Cloud Based Payments and Host Card Emulation (HCE),
Tokenization, and Value-Added Services such as Digital Offers, Loyalty and Stored Value
solutions. Carta empowers banks, MNOs, OEMs, merchants, program managers and others
to enable existing cardholder accounts or issue new and innovative products for the digital
world. Carta’s unique Cloud Suite platform enables rapid deployment of mobile solutions
with breakthrough technology that overcomes technical constraints of existing systems and
For more information, visit www.cartaworldwide.com.
For further information, please contact:
100 King St. West, Suite 5700
Toronto, ON M5X 1C7
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