September 8, 2021 – Toronto, Ontario – Newt Corporation (“Newt” or the “Company”) is pleased to announce the successful integration of advanced processing solutions for Debit and Credit Cards into all of its 10,000 POS, newly acquired from its recent acquisition. This solution is already being embraced by Newt’s customers servicing B2B and B2C clients.
Newt’s SaaS platform will be the first ecosystem in Mexico to offer its business affiliates card-not-present transaction processing – a unique differentiator from its competitors in the market.
Mexico has over 150 Million debit and credit cards, representing a 15% growth from 2019. The new payment option will provide Newt’s partners with safer, more secure, and more hygienic operations, reducing the amount of cash being processed and stored at locations. With recent COVID challenges, more and more merchants and final consumers are looking for digital and contactless payment alternatives to using and storing cash.
As a result of the successful integration, all of Newt’s business affiliates will have the opportunity to process not only credit and debit cards, but also contactless and card-not-present payments at their POS, resulting in higher transaction volume and sales for the merchant. Part of Newt’s new solutions rollout is to provide its B2B partners with the convenience of advanced debit and credit card payments.
Sergio Maya Aleman, CEO of Latin America of Newt, stated: “This new technology feature on Newt’s platform will increase our volume of transactions, giving our business affiliates a new way of doing business in the digital era. In addition, this new functionality makes Newt a true solution for the unbanked market segment, where new ways to increase revenue and time to market are a determining factor in its development.”
Newt Corporation is a Canadian Company with subsidiaries in USA & Mexico, currently delivering state-of-the-art digital payment services to consumers and service providers where 60% of the adult population does not have a bank account and where 80% of personal payments are made in cash. It currently provides Software & Kiosks solutions, within the Fintech Software Solutions Services, primarily focused on B2B such as Retail, Institutions and SME’s providing services to employees and the unbanked market.
Utilizing its developed SaaS technologies software and integrated partners, Newt can provide institutions and merchants, technology for solving KYC, AML, Mobile wallet, cashless mobile payment, bill payment, digital prepaid products, and other services for transactions on mobile devices, web and at Merchant Point of Sales. Newt is currently launching its own operated network of self service kiosks and applications that are designed to provide more convenient payment alternatives for consumers and more efficient billing for service providers.
Newt’s SaaS solutions, users and businesses can take away complex capabilities of transacting in the digital world, making payments, receiving funds, accepting bill payments at point of sales, thus allowing merchants a quick and seamless one-stop shop, for a more secure and efficient provider. Newt’s current SaaS platform is utilized by clients throughout North America & Latin America. Recently top enterprises and SME’s are choosing Newt as their single service provider for Payment solutions.
For more information, visit www.NewtFinancial.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 securities law.