July 4, 2018 – Toronto, Ontario – Newt Corporation (“Newt” or the “Company”) is pleased to announce that it signed a Payment Processing Agreement with Carta Worldwide, an Oakville-based award-winning leader in digital transaction processing and enablement technologies, on July 1, 2018.
As per the terms of the agreement, Carta Worldwide agrees to provide Newt Corporation extensive API access for Fintech business, allowing Newt to provide innovative services for both personal and commercial customers. Carta also commits to assist Newt’s connection with broad range of global banking and clearing partners. In addition, Carta will offer customized solutions in accordance with the expansion of Newt’s business, and will optimize its offering to meet Newt’s future strategic layout. With Carta’s ongoing support, the company is confident that its payment platform will be able to offer an unprecedented advanced user experience.
Jared Hong, Director of Innovation and Technology of Newt Corporation, noted: “Strategic alliance with Carta is a significant milestone for a young and ambitious company, such as Newt. We are excited to have Carta as our partner and are confident that their support will solidify our product and service offering.”
Newt Corporation is a Canadian Company that aims to be a Fintech Leader in money transfers, mobile and digital online payments, and closed-loop payment system. Utilizing the latest payment processing technologies, Newt provides merchants, consumers, and the unbanked population with cashless mobile payment services, rechargeable prepaid cards, and remittances. 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’s next generation payment transfer solutions use new methods for international digital transfers. The company’s platform has been designed from the ground up for modern digital transfer with an ecosystem with full configurability, open API integration, and enhanced value-added services.
For more information visit www.newtfinancial.com
About Carta Worldwide
Carta is an award-winning leader in digital transaction processing and enablement technologies, including Cloud Based Payments and Host Card Emulation (HCE), Tokenization, and Value-Added Services such as Digital Offers, Loyalty and Stored Value solutions. Carta empowers banks, MNOs, OEMs, merchants, program managers and others to enable existing cardholder accounts or issue new and innovative products for the digital world. Carta’s unique Cloud Suite platform enables rapid deployment of mobile solutions with breakthrough technology that overcomes technical constraints of existing systems and infrastructure.
For more information visit https://cartaworldwide.com
For further information, please contact:
100 King St. West, Suite 5700
Toronto, ON M5X 1A9
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.