August 17, 2021 – Toronto, Ontario – Newt Corporation (“Newt” or the “Company”) is pleased to announce the successful start of operations with the client base of Newt’s recent acquisition Turbocarga in Mexico. Newt has successfully started operating Turbocarga’s client network with over 10,000 points of sale and more than 100 distributors, servicing B2B2C network with digital purchases and processing services.
Over the course of the last 15 days, Newt has signed over 100 agreements with distributors and providers to the network. With this first phase of integration completed, Newt will be able to start offering digital products and bill and utility payments at more than 10,000 points of sale. All Newt’s digital products will be available in six states of Mexico, connecting over 1,000,000 customers in the B2B2C network.
Newt’s multiple products and B2B solutions will bring additional revenue and increase sales for both Newt and the client businesses that have signed the agreements. Under these service agreements, Newt will also introduce additional methods of payment to the POS, such as Digital Kiosks in several locations, in order to expand Newt’s network in Latin America.
Sergio Maya Aleman, CEO of Latin America of Newt, stated: “Our recent acquisition or Turbocarga’s clients will make a significant increase in our Gross Sales for 2021, expanding our points of sale and providing additional value to new B2B clients. Entering the new B2B2C space, will give us the opportunity to service and enhance more than 10,000 points of sale of mom and pop shops in Mexico, who are eager to introduce our catalogue of digital products and processing services into their stores.”
About Turbocarga’s Network
Turbocarga is a Mexican Company founded in 2015, providing payment processing services of bill and utility payments and mobile top ups to the Mexican market. Turbocarga’s platform for payment transfers and mobile payment solutions is utilized by top enterprise companies in Mexico. The company is backed by a veteran executive in the Telecom industry, and serves the entire national territory with more than 30,000 points of sale.
Turbocarga’s main points of sale are located in the states of Puebla, Hidalgo, Mexico, Morelos, and Jalisco with the main distributors of AT&T to activate new prepaid cell phone lines. The distributors have the main mandate from AT&T and Movistar to activate new cell phone lines with recently acquired Turbicarga’s network and fulfill the final process of activating lines. Newt’s network will also provide multiple products and services for the ongoing customers which activate lines with Newt.
For more information, visit https://turbocarga.com
Newt Corporation is a Canadian Company with subsidiaries in USA & 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 Software & Kiosks 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 and 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 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 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 SME’s are choosing Newt as their single 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.