July 12, 2019 – Toronto, Ontario – Newt Corporation (“Newt” or the “Company”) is
pleased to announce the signing of a Distribution Partner Master Agreement (DPMA)
with Blackhawk Network Holdings (commercially known as “Blackhawk Network”) on
July 10, 2019 in Toronto, Canada.
As per the terms of the DPMA, Blackhawk will connect via API to Newt’s Platform,
and will provide Newt with award-winning digital products in Blackhawk’s Digital
Entertainment catalogue. The Digital Catalogue features top selling digital titles in
Prepaid & Gift Card Market. This will allow Newt’s Platform users to purchase, redeem,
gift, register, and manage prepaid cards for products such as Nintendo, Spotify, Google
Play, Uber, Facebook, as well as 200+ additional titles.
Blackhawk Network has presence in over 26 countries, and provides branded payment
programs in over 100 countries, featuring over 700 brands worldwide, including open
loop network and closed loop retailer gift cards. Newt’s users will be able to make
purchases on their mobile phones and tablets via web and through distribution partners,
allowing to interact with their music, games, movies and books.
Steven Hoffmann, CEO and Chairman of Newt Corporation, stated: “Successfully
implementing Blackhawk’s Catalogue for our North American and Latin American
markets will be a win-win strategy for both Newt and Blackhawk. This integration will
create tremendous synergies to increase distribution and offer digital products to new
users in North America and Latin America with transferable digital value.”
Prepaid Gift Cards Market Overview
The global gift cards market size was valued at $585,311 million in 2016, and is
projected to reach $1,591,461 million by 2023, growing at a CAGR of 15.7% from 2017
to 2023, states Allied Market Research Group. The major factors that drive the Gift Card
Industry are technological innovation in product offerings, rise in adoption for retail
industry, increase in application areas among end users, and high adoption rate of
smartphones. The prepaid market complements an alternative way for transferring value
as a digital asset, with redeemable currency.
About Blackhawk Network
Blackhawk Network Holdings Inc. is a privately held company that operates in the
prepaid, gift card and payment industries. It supports solutions, technology, management
and distribution of branded value such as gift cards, telecom and financial service
products. Blackhawk’s network reaches people through a number of different channels,
including in-store, online, mobile, and incentive. Blackhawk is headquartered in
Pleasanton, California and was incorporated in 2006.
For more information, please visit https://blackhawknetwork.com.
Newt Corporation is a Canadian Company with subsidiaries in Mexico, Luxembourg,
USA, and Latin America that aims to become a Fintech Leader in Prepaid and Bill
Payment transfers, as well as mobile and digital online payments and services. Utilizing
the latest payment processing technologies, Newt’s platform provides merchants, B to B,
B to C and the unbanked population with cashless mobile payment services, rechargeable
prepaid cards, and other digital services.
For more information, visit www.GetNewt.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