March 7, 2022 – Toronto, Ontario – Newt Corporation (“Newt” or the “Company”) is pleased to announce the signing of a service agreement with Marsat Communications (“Marsat”) to provide Newt’s services and digital products on their network.
Under the terms of the agreement, Newt will provide its digital portfolio of payments and services to Marsat Communications Group’s network of satellite service providers and distributors.
Marsat Communications has over eleven large distributors in nine Mexican states with a robust network that offers satellite telecommunication services to thousands of users. Marsat will offer Newt’s digital products and services to their end users, which include partners in the telemedicine and public transportation market.
Marsat currently has over 20,000 customers, who will gain access to Newt’s entire portfolio of digital products and services at locations where Marsat provides coverage, including Baja California Sur, Campeche, Chiapas, Colima, Jalisco, Michoacán, Quintana Roo, Oaxaca and Tabasco. Thanks to this partnership, the customers will be able to access cell phone top-ups, bill payments, digital gift cards, and the entire range of digital products in Newt’s catalog.
Sergio Maya Aleman, CEO of Latin America of Newt, stated: “We have increased our footprint of end customers in Mexico by adding clients interested in our catalog of products and services. We will continue adding thousands of customers by partnering with distributors and service providers who offer digital products in telecommunications and who greatly benefit from offering our products and services.” He added: “With this agreement, Newt delivers on the promise made to our clients of bringing our products and services closer to new outlets and points of sale in more and more regions of the country.”
Newt Corporation is a digital payment and financial services platform enabling enterprises to serve the large underbanked population in the Americas with digital financial products and services and access to credit. Newt provides a fairer, faster, accessible ecosystem that fills the credit accessibility gap and reshapes the way businesses and consumers save, move money and conduct commerce. The Company’s financial ecosystem offers mobile and digital bill payments, cross-border money transfers, digital wallet, prepaid stored value cards, and access to a large leading catalog of digital gift cards and subscription services. Newt’s omnichannel distribution and processing capability allows consumers to conveniently connect through mobile, web, point-of-sale and Newt branded electronic payment center kiosks located across a network of merchant locations. Newt is also bringing credit financing for small to medium sized enterprises, payroll loans for consumers, credit cards, loan financing, and other credit services for those who lack access to traditional financing.
For more information, visit www.NewtFinancial.com
Marsat Communications is a Mexican company with headquarters in Mexico City, with a full extent of offices in various cities throughout Mexico. Marsat provides telecommunication services, integrated with Viasat, to companies and local telecom providers through a network of nine main distributors and over 20,000 end customers in the states of Baja California Sur, Jalisco, Colima, Michoacan, Oaxaca, Chiapas, Tabasco, Campeche, Quintana Roo, and Yucatán. Marsat offers communication solutions to their customers such as satellite internet and LTE services.
For more information, visit www.mymarsat.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.