Newt Signs Partnership with I-EXCEED Banking and Microlending Software for Representation in Latin America for Newt SaaS Bill and Prepaid Payment Platform

September 26, 2019 – Toronto, Ontario – Newt Corporation (“Newt” or the “Company”) is pleased to announce a signed partnership agreement withI-Exceed, the award-winning banking and software platform, in Toronto, Canada.

Appzillon Digital Experience Platform, developed by I-Exceed, is internationally used by banks such as Barclays and Citibank, and was awarded “Best Mobile Banking App of 2017-2018” by Gartner. Newt will be integrating Appzillon software into its portfolio of solutions for clients, while enhancing Newt’s SaaS service offering of products for Mexico and Latin America, expanding its Bill Payment, Prepaid, and Lending Services on Mobile and at Point of Sale.

The intention of the parties signing this Contract of Representation and Integration of I-Exceed software is to further expand both parties’ client databases in Latin America, while providing Newt’s clients with enhanced services: in addition to the existing Prepayment of Digital Products and Electronic Bill Payment, the customers can now benefit from a fully functional management system for lending over their Digital Wallets and mobile phones

The Latin American sector of mobile payments is experiencing growth in recent years by businesses with their client base who use mobile phones for purchase transactions. This growth is most likely experienced from the expanding smartphone usage in the country, which is rapidly bringing the smartphone user base to over 70+ Million devices.

Steven Hoffmann, Founder of Newt Corporation,stated: “In Mexico and Latin America, there is a strong demand and opportunity for supporting the unbanked population with credit, bill payment, and prepaid products. Additionally, our current clients have requested the ability to provide all functions of credit management on mobile, web and at Point of Sale locations.” He added: “Lending functionality over our Mobile Wallet provides added valueto the portfolio of services with Newt’s SaaS Platform, and is key to delivering on requests for more functionality connected to mobile wallets for our current B2B clients. The growth Latin America is experiencing in mobile transaction volume is impressive, and expanding our product offering to our clients and enhancing our business model is great news, and we are looking forward to this partnership and its capabilities.”

About I-Exceed

I-Exceed is a Fintech and IT products and services company founded by technology experts with 25+ years of experience, who designed and built Oracle FLEXCUBE(currently used by 500+ banks). It commenced operations in Bangalore, India in 2011. The company’s 300+ strong technology workforce is spread across product development and product consulting. Appzillon, I-Exceed’s flagship product, is powering the digital initiatives of over 50 financial institutions worldwide and is recognized as a key player in the MADP and adjacent markets by Gartner. I-Exceed currently has offices in India, Singapore, and the US.

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