Newt Signs International RSA (Revenue Sharing Agreement)

As per the terms of the agreement, the parties agreed to engage in revenue and client database sharing for Bill Payment Services and Digital Prepaid Products. Newt and Movilix will also collaborate in creating new complementary marketing solutions for the US market with the goal of increasing the number of users on both platforms, while at the same time integrating deeper into Latin American markets.

More than 60% of Hispanics living and working in the USA utilize remittance to provide resources for their families back home. Frequently, families are unable to pay household bills on time, and run short between paychecks, therefore, services that allow Hispanics to pay their bills or provide payment for their families are a fast-growing market.



Newt believes, that the collaboration between the two entities will complement and enrich each other’s business service offering and will cause Newt’s business take a leap forward in increasing customer base in the USA, while connecting Latin American products and services.

Steven Hoffmann, Chairman of Newt, stated: “Successfully integrating Movilix USA’s system with Newt’s Bill Payment platform will be a win-win strategy for both Newt and Movilix. This horizontal integration will create tremendous synergies to create additional exposure for both companies’ marketing channels.”

About Movilix

Movilix is a US Company that provides cellular phone top up services and POS services for hundreds of merchants throughout southern United States. Additionally, utilizing the latest payment processing technologies, Movilix provides consumers, merchants and the unbanked with top up cellular services.

For more information, visit https://www.movilix.com

About Newt

Newt Corporation is a Canadian Company with subsidiaries in USA, Europe & Mexico,  that aims to become a Fintech leader in services of prepaid and bill payment transfers while providing solutions for providers targeting the unbanked market. Utilizing the latest payment processing technologies and partners, Newt provides merchants, consumers, and the unbanked population with cashless mobile payment, bill payment, prepaid products, and other services for mobile devices and Point of Sale locations.

About Steve Hoffman
Steve Hoffman is a chairman of Newt that focuses on using new methods for money transfers. His passion is to assist emerging businesses for growth opportunities, corporate preparation, and performance in an advisory consultancy role.

Source: https://www.newtfinancial.com/

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