December 14, 2020 – Toronto, Ontario – Newt Corporation (“Newt” or the “Company”) is pleased to announce the completion and signing of an MOU for a Revenue Sharing Agreement (“RSA”) for software integration and credit card processing services with PagoFácil, in Mexico City, Mexico.
Under the terms of the contract, management teams of PagoFácil and Newt will collaborate in providing Newt’s SaaS software combined with Bank Processing Services in Latin America, as part of Newt’s Digital SaaS Offering. Thanks to this agreement, Newt will enable its customers in Latin America and Mexico 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 PagoFácil’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.
PagoFácil is a Mexican company with extensive experience in Credit Card Payment Processing in Mexico. The Company is backed by a group of investors with several partner companies with clients in North, Central, and South America.
Sergio Maya Aleman, CEO of Latin America of Newt Corporation, stated: “We are very enthusiastic about this MOU for Revenue Sharing and collaboration, 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.”
Gricha Raether, President & Chairman of PagoFácil, stated: “As a Global Payment Services Provider, our company already provides the widest range of payment methods available in the Mexican market. We believe that signing this agreement with Newt will further enhance the ecosystem of financial solutions to which our customers will have access. Integrating best practices, our joint platform will enable financial technology as a service, revolutionizing the Digital Payment Services market.”
About PagoFácil S.A. de C.V.
PagoFacil 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 www.pagofacil.net