December 7, 2020 – Toronto, Ontario – Newt Corporation (“Newt” or the “Company”) is pleased to announce technology integration and preparation for the deployment of initial orders of Digital Payment Terminals (“Digital Kiosks”) in Latin America, beginning in Mexico City, Mexico.
Currently and particularly considering the COVID-19 pandemic, Newt’s retail clients have a strong demand for contactless on-site cash and payment services. Newt’s latest solution, the deployment of physical Digital Kiosks in high traffic locations, is solving those needs.
Newt’s Digital Kiosks will provide contactless payments (non-person to person) in customer locations and will be complimented by “one stop shop” payment services, such as accepting cash for bill payments, purchasing digital gift cards, purchasing recharging services, signing up new customer accounts, and loading credit and prepaid cards.
Newt’s Digital Kiosks will solve hygienic concerns that are associated with cash transactions, by avoiding a person-to-person contact, a demand that has recently been accelerated by COVID-19. Challenges arising from cash management, as well as delays in customer traffic flow resulting from the required social distancing can be solved easily by Newt’s Digital Kiosks. The Digital Kiosks provide a perfect response to the need to reduce checkout lines, make transactions digitized, and have contactless money operations.
Additionally, Newt will sign a 5-year Kiosk service contract, providing installation, monitoring, and SaaS software connection management. These Digital Kiosks are appropriate for high traffic retail locations in Mexico. These high traffic areas often have between USD $1,000,000 and $2,000,000 of bill payment and top-up transactions per week, at each location.
The Digital Kiosk project is being delivered in partnership with Everyday People Financial (“EP”), who operates in Canada, United Kingdom and Europe. The partnership is timely and rewarding for both companies. The first implementation of Digital Kiosks will take place in high traffic Latin American stores, followed by a North American implementation in 2021.
Steven Hoffmann, Founder and CEO of Newt, stated, “We are pleased with the deployment of our integrated software within a Digital Kiosk Payment Solution. Our team and this project are a timely fit in today’s economy, considering the challenges in the market due to COVID-19. We are confident that this project will have a significant impact on the retail and government sectors by solving direct issues related to public interaction with cash and person to person contact. Rerouting the physical cashier lines and offering conclusive transactions through Digital Kiosks for purchasing and recharging provides another revenue stream in our business model and will lead to a solid sales increase.”
Barret Reykdal, Co-Founder and CEO of Everyday People Financial Inc., is enthusiastic about synergies both partners gain from the project. “Joining Newt’s project and funding the deployment of Digital Kiosks into the market signifies an exciting growth opportunity for EP, and we are delighted about it. This project gives us the opportunity to analyze a larger scale deployment of business models that are in line with our business objectives. A partnership with a Canadian company like Newt gives us a deeper insight into the types of financial technologies that will complement our current product offerings. We are happy to work closely with Newt to continue digitizing our services to meet the needs of everyday people.”
Newt Corporation is a Canadian company with subsidiaries in USA, Luxembourg & Mexico, that aims to be a fintech leader in SaaS software solutions services, focused on B2B such as institutions and SMEs providing services to employees and the unbanked market. Utilizing its developed SaaS technologies software and integrated partners, Newt can provide institutions, 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’s has enhanced its digital SaaS solutions and further connected to physical kiosks that provides users and businesses to solve complex challenges during current times with contactless connection to the digital world, The kiosks have complete abilities for B2C clients to 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 is quickly becoming a leader throughout North America & Latin America in the digital payment Sector. More and more top enterprises and SMEs 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 a fully configurable ecosystem that includes open API integration and enhanced value-added services.
About EP Financial Services
Everyday People Financial Inc. is a Canadian based finance and fintech company that is a combination of an advanced digital lending platform, a software-based payment processor and an international collections agency which creates a leading financial technology (fintech) and banking services platform operating in Canada, USA, Latin America, and UK.
Each subsidiary has a proven track record and is organized to carry-out operations in their own respective countries. The combined entities result in a vertically integrated finance company poised to serve a broad spectrum of large-scale corporate clients as well as underbanked and under-served consumers across the globe.
The individual entities have extensive client bases, to which EP will offer its full suite of financial services. Primary growth will be derived from the addition of digital lending, with minimal client acquisition cost. This strategy provides an opportunity to execute rapid growth. With all the entities, there are four main pillars that specialize in functions like consumer lending, online payment processing, debt collection, credit rebuilding solutions, homeownership facilitation and secured and unsecured credit cards.
For more information, visit www.epfinancial.com