May 21, 2019 – Toronto, Ontario – Newt Corporation (“Newt” or the “Company”) is
pleased to announce the signing of Memorandum of Understanding (MOU) and
Revenue Sharing Agreement (RSA) with 10VIA SA de CV (commercially known as “10
VIA”) last week in Mexico City, Mexico.
As per the terms of the MOU, Newt’s signing of a Technology Integration and Revenue
Sharing Agreement will integrate dynamics of the systems of both companies to provide
Newt’s platform with a full functionality of vendors existing in 10 VIA’s bill payment
system. The two parties have agreed to initially engage in a revenue sharing agreement and
to cooperate on additional opportunities arising in the future. Newt believes that the future
collaboration between two entities will fulfill each other’s gaps in the business and will
enable Newt’s platform to make a leap forward in the payment transfer and prepaid market.
Sergio Maya, CEO of 10 VIA, mentioned: “The successful integration of 10VIA’s Bill
Payment system with Newt is an exciting opportunity to attract customers from a different
market and expand our transactional volume. We have been operating successfully in the
Mexican Market for the last few years, and our system is flawless. 10VIA handles
transactions in the areas of Mobile Money, Mobile payments, Ticketing and Coupons,
digital wallets, electronic wallets, QR code integration, integrated card payment methods,
and reconciliation systems. In the future, 10Via system intends to provide connections to
governmental and municipal tax payment systems, in order to allow the users to directly
pay their personal or business tax bills to local municipalities.”
Steven Hoffmann, CEO of Newt Corporation, said: “The implementation of 10VIA’s
Bill Payment System will be a win-win strategy for both Newt and 10VIA. This horizontal
integration will create instant functionality on Newt’s Platform and will provide Bill
Payment function to more than 500 utility service providers in Mexico, including gas,
electricity, telephone, mobile phone, and the planned addition of the governmental and
municipal tax payment systems in the future.”
10VIA was formed several years ago with the mission of developing world class
transactional platform for mobile phones and internet payments. 10VIA technology is
based on Microsoft Azure cloud computing technology and has been certified with
Microsoft Global footprint.
10Via system is unique and possesses a technical advantage by allowing users to access
multiple transactions in a safe and secure way, hosted on servers in real time. The older
technology through SMS, or USSD messages is not as secure. 10VIA is a distributor for
Home Depot, FEMSA, AT&T, Telcel, Unefon, and an authorized distributor of Telmex and
CFE Mexico utility companies.
Newt Corporation is a Canadian Company that aims to become a Fintech Leader in Prepaid
and Bill Payment transfers, as well as mobile and digital online payments and services.
Utilizing the latest payment processing technologies, Newt provides merchants, consumers,
and the unbanked population with cashless mobile payment services, rechargeable prepaid
cards, and other services.
By choosing Newt Payment System, end customers will take the guessing game out of
sending payments, and merchants will be empowered to provide seamless transactions in
a more secure and efficient way.
Newt’s next generation payment transfer solutions use new methods for international
digital transfers. 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.GetNewt.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