November 11, 2020 – Toronto, Ontario – Newt Corporation (“Newt” or the “Company”) is pleased to announce the signing of a Revenue Sharing Agreement (“RSA”) with Oui Movil for software integration and credit processing services in Mexico City, Mexico.
Oui Movil is a Mexican telecommunications company owned by Elektra, a Mexican financial and retailing corporation with operations in North and Latin America. Elektra is the largest non-bank provider of cash advance services in the United States. Elektra is currently listed on the Bolsa Mexicana de Valores (ELEKTRA*) and on the Spanish Stock Market Latibex (XEKT). The Group operates more than 7,000 points of contact in Mexico, United States, Guatemala, Honduras, Peru, Panama and El Salvador. The company operates through two divisions to satisfy the needs of its customers: commercial and financial.
Oui Movil – a division of Elektra, offers extensive coverage throughout Mexico, and has a variety of smart phone options, as well as a range of data coverage with affordable pricing for an average consumer.
As per the terms of the agreement, Newt will offer Oui Movil’s users the ability to make payments towards their prepaid or contract plan services in more than 100,000 points of sale – thanks to the fully integrated network of retail stores connected to Newt’s platform. The extensive reach of Newt’s retail store network will give Oui Movil the opportunity to expand their customer base and differentiate from the competition.
Sergio Maya Aleman, CEO of Latin America of Newt Corporation, stated: “We are very enthusiastic about this agreement within the telecommunications sector, as it gives us the opportunity to prove the strength and reliability of our technology and form a long-term relationship, beneficial for both sides. This agreement will positively impact Newt’s growth, and allow it to further strengthen its best asset – our network.”
About Oui Movil
Oui Movil is a telecommunications company that offers extensive data coverage throughout Mexico. The company offers a variety of data coverage options and plans for individuals looking for freedom and flexibility. Oui Movil offers the newest generation of smartphones, and prides itself on consistent customer service and care. The company is focusing its business strategy on offering affordable plans for the younger generation.
For more information, visit http://www.ouimovil.com/
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.
By choosing 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 SMEs are choosing Newt as their single service provider for Digital Payment solutions. Newt envisions providing a next generation of technologies in a complete SaaS Service offering.