May 27, 2020 – Toronto, Ontario – Newt Corporation (“Newt” or the “Company”) is pleased to announce the signing of an Agreement with El Potosino for integration on Newt’s Payment System. The Agreement will allow the addition of Recharging Telecom Credit, Bill Payment Catalogue services, and Digital Gift Card services to El Potosino’s entire network of stores, currently serving around 100,000 customers in the north of Mexico.
El Potosino will utilize Newt’s SaaS Platform for digital services, including mobile phone top-ups, purchase of expanded product lines of gift cards, and mainly electronic TAGs for toll roads for public and private transportation, available through Newt’s portfolio of SaaS services.
El Potosino is the most visited gas station and convenience store network in San Luis Potosi, Mexico, with a fast-growing business model serving travelers heading north to the Mexico-US border, as well as transportation companies coming from the United States to Mexico. El Potosino is known for multiple services it provides to transportation and logistics companies serving truck drivers traveling to and from the border of Mexico.
Sergio Maya Aleman, CEO of Newt, stated: “El Potosino is a very good example of a medium-sized company that has evaluated financial and technological benefit of integrating Newt’s services as part of their business model, and therefore expanding their portfolio of digital products and services to offer extra value to their customers. Newt’s easy and fast technical integration with El Potosino has been completed, and the client estimates a potential increase of at least 10-15% of their total revenue thanks to Newt’s SaaS platform.”
About El Potosino
Since the 90’s, El Potosino has been the best option for travelers to rest, eat and service their vehicles traveling from the center of Mexico to the north of the country, with a first-class infrastructure, surpassing their expectations of comfort, services, cleaning, security and personalized attention.
For more information, visit www.elpotosino.com
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
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.