September 23, 2021 – Toronto, Ontario – Newt Corporation (“Newt” or the “Company”) is pleased to announce the successful signing, with its Mexican subsidiary, of a contract with VIASAT (NASDAQ: VSAT) to provide and operate a white-label platform, offering Newt’s mobile wallets with bill payment, digital products, and processing services to Viasat’s customers throughout rural communities in Mexico.
Viasat Inc. is a global telecommunications company based in Carlsbad, California, and a leading provider of high-speed satellite broadband services covering military and commercial markets, with USD $2.3 Billion in annual revenues. Viasat operates four satellites and is developing communications networks to power high-quality, secure, affordable, fast connections to impact people’s lives anywhere.
Under the terms of the agreement, Newt shall provide and operate its white-label solution for Viasat, integrated into Viasat’s B2C digital app. Newt’s Digital Catalogue of Products and Services shall be made available throughout rural communities to their customers, providing onramp access to the digital solutions connected through Viasat’s satellite internet connection.
Newt is quickly gaining popularity with SMEs & SMBs as the preferred digital solution provider for clients in Latin and North America, allowing enterprises immediate effective solutions for their operations, such as processing, digital products, and customer payment management, helping clients connect using the latest technologies.
Integrated into Viasat’s network, Newt’s solutions will enhance products and services, increasing revenue opportunities for both parties, while providing customers with more options and greater functionality through a user-friendly interface.
Steven Hoffmann, CEO and Founder of Newt, stated: “This agreement with VIASAT represents another major milestone success for Newt and its shareholders. Being selected as a technology solution provider for a major international satellite carrier is a validation of our high value proposition in the marketplace. We hope to continue to be chosen by top-quality SMEs and SMBs as their main solution provider in the digital space, with the goal of continued expansion in the future.”
Jaime Gudino, Director of Sales of Newt, commented: “Newt is taking another step in servicing the enormous unbanked market in rural areas of Mexico. In conjunction with VIASAT, Newt is fulfilling its mission to make payment solutions accessible to everyone. It is a true win-win for both companies.” He added: “We are happy that we can align strategies to fulfill our goal of improving the lives of the unbanked, thanks to the connectivity and functionality available through mobile app solutions.”
Viasat Inc. is an American publicly traded communications company based in Carlsbad, California, with operations across the United States and worldwide (NASDAQ: VSAT). Viasat is a major leading provider of high-speed satellite broadband services and secure networking systems covering military and commercial markets worldwide, with USD $2.3 Billion in annual revenues.
Viasat operates resources on 4 satellites. The company is developing the ultimate communications network to power high-quality, secure, affordable, fast connections to impact people’s lives anywhere.
Viasat brings satellite internet service to the hardest-to-reach places around the world and partners with local businesses to promote digital inclusion by bringing community Wi-Fi and high-speed satellite internet to rural and underserved communities throughout Mexico. It has been operating for more than 30 years, and is determined to give equal access to the internet to all people on the planet, especially in low income areas.
For more information, visit https://www.viasat.com
Newt Corporation is a Canadian Company with subsidiaries in USA and Mexico, delivering state-of-the-art digital payment services to consumers and service providers in the market, where 60% of the adult population does not have a bank account and 80% of personal payments are made in cash. Newt provides software and kiosk solutions, within the Fintech Software Solution Services, primarily focusing on B2B markets, such as retail, institutions, and SMEs servicing employees and the unbanked market.
Utilizing its proprietary SaaS technologies, Newt provides institutions and merchants with technology for KYC, AML, mobile wallets, cashless mobile payments, bill payment, digital prepaid products, and other services for transactions on mobile devices, at kiosks, on the web, and at merchant Points of Sale. Newt is currently launching its own operated network of self-service kiosks and applications that are designed to provide convenient payment alternatives for consumers and efficient billing for service providers.
With Newt’s SaaS solutions, users and businesses can benefit from endless capabilities of transacting in the digital world, making payments, receiving funds, accepting bill payments at points of sale, allowing merchants a quick and seamless one-stop shop, and a more secure and efficient provider. Newt’s SaaS platform is utilized by clients throughout North & Latin America. More and more top enterprises and SMEs are choosing Newt as their preferred service provider for Payment Solutions.
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.