June 8, 2020 – Toronto, Ontario – Newt Corporation (“Newt” or the “Company”) is pleased to announce the signing of a Memorandum of Understanding for Revenue Sharing and Partnership between Banwire, a Latin American processor for electronic services, and Newt’s SaaS Software for Digital Prepaid Services & Bill Payment Services, in Mexico City, Mexico.
Under the terms of the contract, Banwire and Newt will join their management resources and sales offering in the marketplace. The companies intend to combine their services for processing of credit cards and other services by clients using E-Commerce solutions and electronic POS services. Thanks to this agreement, Newt and Banwire will be increasing the number of their processed transactions and benefit from the increased demand for digital services across Latin America.
Banwire S.A de C.V is a Mexican company with several years of extensive experience in the Payment Processing Industry in Mexico. The Company is headquartered in Mexico City and provides processing services to clients in several regions, such as Central and South America. Banwire has been selected by banks and E-commerce customers for its competitive processing services meeting market demands, with multiple electronic payment options, where clients have features to pay via credit or debit card, make payments in cash, or via SPEI (a large-value funds transfer system, in which participants can make transfers among themselves on behalf of themselves or their customers). Banwire’s E-commerce solution allows payments not only by card, but also by a generated reference payment for cash services at convenience stores such as OXXO, 7-Eleven, Farmacias Benavides, Extra, Circulo K, as well as Walmart.
Steven Hoffmann, Founder & Board Member of Newt Corporation, stated: “This is a significant opportunity and partnership. Banwire has experience providing payment solutions and the ability to combine both parties’ services for a highly competitive offering, further enhancing Newt Software Services Solution. Our target is a One-Stop-Shop, single contract solution in the market, and combined processing with electronic products and services. We anticipate expanding our customer base with this offering and seeing an increase in B2B transactions.”
Sergio Maya Aleman, CEO of Latin America of Newt Corporation, stated: “We are very enthusiastic about this Revenue Sharing Agreement, which will allow us to extend our payment methods to a full capacity in the Mexican Market and surpass our competitors.” He also added: “Jointly with Banwire, we will acquire a wide range of new customers in our pipeline, providing more electronic products and services.” This partnership future reflects our commitment to progress the business service offering forward.
About Banwire, S.A. de C.V.
Banwire is a payment solution that adapts to the needs of each company, from e-commerce operations to the security of personal data, thus seeking to multiply 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 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