June 1, 2021 – Toronto, Ontario – Newt Corporation (“Newt” or the “Company”) is pleased to announce the signing of an Agreement with Parkimovil for distribution of Digital Products through Parkimovil’s Mobility App.
As per the terms of the Agreement, Newt will provide purchase of prepaid credit, reloading, and checking of prepaid balance on widely-used toll road tags, such as PASE and VIAPass, and other digital products. The agreement also allows users of Parkimovil’s app to access Newt’s digital product catalogue, featuring services such as mobile phone top-ups and utility bill payments.
The agreement enables Parkimovil to connect to Newt’s SaaS Platform for digital services, with the main focus of providing recharge and top-up of Electronic Prepaid Balance to Toll Road Tags for public and private transportation. This connection enhances the possibility for future access to Newt’s portfolio of SaaS services, for example at parking facilities that are digitally connected, as well as at other facilities enabled for electronic payment acceptance.
Parkimovil is widely present in Mexico, and is an innovative solution for parking in urban areas, offering access to parking lots and toll road payments through their mobile app, without the use of cash or physical payments. Currently, Parkimovil operates in Mexico City and in the states of Chihuahua, Sonora, Durango, Jalisco, Nuevo León, Guanajuato, Veracruz, Hidalgo, Estado de México, and Puebla. The company focuses on their customer base such as institutions, corporate parking, and municipalities. Parkimovil has experienced sustainable growth and is enforcing a country-wide campaign to boost the number of users in the upcoming years.
Sergio Maya Aleman, CEO of Newt Latin America, stated: “Parkimovil’s agreement with Newt provides a further acknowledgment of our traction in the marketplace. Newt was selected as the preferred SaaS provider because of the ability to supply a wide range of digital products and services to the system. In addition, Newt’s kiosks are appearing in more and more locations, such as major gas stations like SHELL, therefore organically growing digital and physical points of sale, providing greater access to physical payments networks for accepting cash for unbanked customers. The higher the number of users and B2B customers, the more transactions are running across Newt’s platform – increasing transaction volume that will increase revenue and profit for all parties involved.”
Parkimovil, operating since 2011, is an innovative solution for parking in urban areas, offering convenient services such as mobile phone parking payments and virtual parking meters. Other solutions include white-label parking management for corporate and government clients. Since the integration of corporate parking to PASE and VIAPass Prepaid and Postpaid tags in the last few years, acquiring access to new revenue lines is a natural step for Parkimovil.
For more information, visit https://parkimovil.com/
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. Newt envisions providing a next generation of technologies in a complete Services agreement. 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.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.