May 20, 2021 – Toronto, Ontario – Newt Corporation (“Newt” or the “Company”) is pleased to announce the signing of an Agreement with Gasomax for sales and distribution of PASE electronic Toll Road Tags and digital toll top-ups, in Mexico City, Mexico.
The Agreement will allow sales and distribution of PASE electronic toll road tags and digital account top-ups at Gasomax’s entire network of stores, which includes gas stations and convenience stores, and is currently serving around 4000,000 customers in Northern and Central Mexico.
Gasomax will utilize Newt’s SaaS Platform for digital services, such as top-ups, and will also include the distribution of physical toll road tags for public and private transportation, expanding Gasomax’s catalogue of products and services at convenience stores and gas stations inside their network.
Gasomax is one of the fastest growing private networks of gas stations in Northern and Central Mexico. It has one of the largest market caps for gas and convenience stores in the Mexican states of San Luis Potosi, Queretaro, Tamaulipas and Guanajuato. Using a fast-growth business model, Gasomax serves drivers traveling north on highways, as well as catering to customers from nearby municipalities. Gasomax holds multiple agreements with transportation companies to serve their truck drivers traveling across the border between Mexico and the United States.
Sergio Maya Aleman, CEO of Newt Latin America, stated: “Gasomax is a very good example of how Newt has engaged with several gas stations to provide digital services and toll road tags in convenience stores and similar high-traffic outlets, willing to integrate Newt’s services as part of differentiation business model to serve their customers.” He added, “We are proud to have developed a very unique business model to increase our revenue with a simple and fast technical integration with our customers’ systems, that will rapidly increase their profits as well.”
Gasomax is a network of gas stations in Mexico, founded in 1952. It has been the best option for travelers to buy gas, grab a bite, rest, and service their vehicles for more than 50 years in the states of Tamaulipas, Queretaro, Guanajuato and San Luis Potosi. Gasomax has over 50 gas stations throughout the northeastern corridor, with first-class infrastructure, exceeding customers’ expectations for comfort, service, cleanliness, security, and personalized attention.
For more information, visit www.gasomax.com.mx
Newt Corporation is a Canadian Company with subsidiaries in USA & Mexico, currently delivering state-of-the-art digital payment services to consumers and service providers where 60% of the adult population does not have a bank account and where 80% of personal payments are made in cash. It currently provides Software solutions within the Fintech Software Solutions Services, primarily focused on B2B such as Retail, Institutions and SME’s providing services to employees and the unbanked market.
Utilizing its developed SaaS technologies software and integrated partners, Newt can provide institutions and 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 is currently launching its own operated network of self service kiosks and applications that are designed to provide more convenient payment alternatives for consumers and more efficient billing for service providers.
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 SME’s 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 an ecosystem with full configurability, open API integration and enhanced value-added services.
For more information, visit www.NewtFinancial.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 securities law.