September 22, 2020 – Toronto, Ontario – Newt Corporation (“Newt” or the “Company”) is pleased to announce the completion and signing of a Revenue Sharing Agreement (“RSA”) contract for software integration and credit processing services with Banwire S.A. de C.V. in Mexico City, Mexico.
Under the terms of the contract, management teams of Banwire and Newt will collaborate resources to provide Newt’s SaaS software combined with Bank Processing Services to Latin America, as part of its Digital SaaS Offering. Thanks to this agreement, Newt will enable its customers in Latin America and Brazil with seamless online processing capabilities of Visa and Mastercard embedded in the software. In addition, new methods of acceptance of debit cards, additional locations for cash payments, and SPEI Transfer capabilities have been added.
The parties shall also jointly market the expanded service offering to Newt’s and Banwire’s client base, in order to increase the overall number of transactions processed. This agreement will further position Newt for the increase in digital payment services requested by the B2B market.
Banwire S.A. de C.V. is a Mexican company with extensive experience in Credit Card Payment Processing in Mexico and Brazil. The Company is backed by a Veteran Insurance Group named ProMASS Group, from Mexico City, with clients located all over Central and South America.
Steven Hoffmann, Founder & Chairman of Newt Corporation, stated: “This is a significant opportunity and partnership. Banwire’s processing services, combined with Newt’s payment solutions, provide a highly competitive and conclusive Digital Payment Service offering. With this agreement, we will combine all partner services in a single contract offering to our clients, benefiting both parties with the increase in digital processing of transactions in the B2B market.”
Sergio Maya Aleman, CEO of Latin America of Newt Corporation, stated: “We are very enthusiastic about this Revenue Sharing agreement, which provides an extension to our payment methods and positions us above our competitors. Additionally, this contract will add a wide range of new customers to our pipeline and network, which shall reflect in sales growth and quarterly increase to our projections.”
About Banwire, S.A. de C.V.
Banwire is a payment solution provider that adapts to the needs of their clients, from e-commerce operations to the security of personal data, with the goal of multiplying their sales. The company serves the entire territory of Mexico, and is constantly innovating to bring new services to their clients to make their businesses increasingly competitive.
For more information, visit https://www.banwire.com/home/
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.