May 4, 2021 – Toronto, Ontario – Newt Corporation (“Newt” or the “Company”) is pleased to announce the signing of a new customer contract with the Municipality of Aguascalientes for the deployment of self-service kiosks in all of its municipal offices.
This agreement signifies a new milestone achievement for Newt, with 8 kiosks programmed to be deployed within the next 2 months. The kiosks will offer the city’s population of over 1,000,000 people access to utility bill payments, mobile top-ups, prepaid products, as well as the possibility to pay state and municipal taxes right at the municipal offices.
Aguascalientes is the capital of the state of Aguascalientes and its most populous city, with a metropolitan population of 1,225,432 people. Located in North-Central Mexico, it is one of the safest and most prosperous cities. Aguascalientes has been called the cleanest city in Latin America, and it is experiencing an ongoing social, economic, and aesthetic revitalization process. Aguascalientes’ strategic location and infrastructure have made it a regional hub and a location for international headquarters. It is also home to two of Nissan’s largest and most important manufacturing plants in Latin America. Other important companies located in Aguascalientes include Jatco, Coca-Cola, Flextronics, Texas Instruments, Donaldson, and Calsonic Kansei. Because of its services and hotel industry, Aguascalientes is one of the most important centers in Mexico for entertainment, gastronomy, leisure activities, arts and recreation.
Sergio Maya, CEO of Newt Latin America, stated: “We have developed a connector for payment of municipal taxes, such as property tax, which will be offered at the municipal kiosks, along with Newt’s standard product catalog, which includes hundreds of bill and utility payment services. Municipal payments will also be added to our extended network of kiosks at retail stores throughout Mexico.” He added: “Having self-service kiosks in Aguascalientes will have a major impact and serve as an example to other municipalities in Mexico, as this city boasts a state of the art administration, well-known in the country.”
Newt Corporation is a Canadian Company with subsidiaries in USA, Luxembourg & 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 Saas 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, 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’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. It 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 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.