January 24, 2019 – Toronto, Ontario – Newt Corporation (“Newt” or the “Company”)
is pleased to announce the signing of a Financial Network Services Agreement
with Green Dot Corporation on January 17, 2019 in Mexico City.
Under the terms of the agreement, Newt customers will be able to utilize over 100,000
Green Dot merchant locations in North America, including CVS, Rite Aid, Walgreens,
Dollar Tree and Walmart, where they will have the ability to load cash, send remittances
using Newt App, and make payments to participating merchants across the USA.
The agreement will provide Newt with a powerful opportunity to bring thousands of new
satisfied customers to its network, and to support the global digital ecosystem for
remittances that Newt is building.
Green Dot celebrates its 20th anniversary in 2019 and is a financially strong, multi-billion
dollar public company traded on the New York Stock Exchange (NYSE:GDOT). It is the
world’s largest prepaid debit card company by market capitalization. It is a federally
regulated bank with deposits insured by the FDIC. With nearly 100,000 retail locations
featuring Green Dot products and services, customers can add cash to their Green Dot
accounts at retailers in just about every neighborhood all across America.
Justin Yunag, CTO of Newt Corporation, stated: “We are excited to get closer to North
American consumers through Green Dot locations, and we are confident that this important
milestone will solidify our product and service offering, while expanding our network. This
agreement is a win-win strategy for both Newt and Green Dot. It will create tremendous
synergies to connect North American and Latin American markets.”
Newt Corporation is a Canadian Company that aims to become a Fintech Leader in
remittances, 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
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 Green Dot
The Green Dot Corporation (NYSE: GDOT) is an American financial technology and bank
holding company headquartered in Pasadena, CA. It is the world’s largest prepaid debit
card company by market capitalization. Green Dot is also a payments platform company
and is the technology platform used by Apple Pay Cash, Uber, and Intuit.
Green Dot Corporation is an issuer of prepaid MasterCard and Visa cards in the United
States. These products are available at nearly 100,000 retail stores including CVS, Rite Aid,
Walgreens, Dollar Tree; as well as discounted offerings at Meijer and Walmart. Green Dot
also transfers individuals’ direct deposit funds (such as Social Security payments) from the
US government to personal bank accounts.
The company was founded in 1999 as a prepaid debit card for teenagers to shop online. In
2001, the company pivoted to serving the “unbanked” and “underbanked” communities. In
2010, Green Dot Corporation went public with a valuation of $2 billion.
For more information, visit www.greendot.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