Steven Hoffmann Chairman/Founder of Newt Corporation

Far from being better used, traditional payment methods are increasingly in disuse, and this new technology promises to revolutionize the financial market. The road is still long, but the most important is being done: without a first step, nobody moves! Since the Covid-19 pandemic arrived in country, quarantine and social isolation are measures enacted by the World Health Organization (WHO) to prevent the spread of the disease and reduce the curve of infected people in the country. We may not have had enough time yet to understand that our lives have changed profoundly in the past few months and that the new consumption habits that we are learning to deal with will probably remain forever in the post-coronavirus world.   During the quarantine, dozens of digital shows were broadcast live on YouTube in order to bring entertainment to the homes and collect donations in kind, tons of food and items for hospitals and charities in fighting the pandemic. Lives, as they are popularly cal

One of the most talked about initiatives in recent weeks, instant payment, promises to facilitate financial transactions between people, companies, government and self-employed / self-employed professionals. The big question is: how? We can understand “instant payment” as a project conducted by the Central Bank, scheduled to go into operation in 2020, which aims to ensure the interoperability of means of payment through instant transfers, available 24 hours a day, seven days a week. Thus, the expectation is that the money will flow more quickly to the recipient / seller and with a low transfer cost (the expectation is around a few cents), making it possible to pay, for example, a cup of coffee without the cost associated with the fees. Steve Hoffman , proud founder of next generation payment transfer solution Newt that focuses on using new methods for money transfers. Far from being better used, traditional payment methods are increasingly in disuse, and this new technology prom

Without money, payments happen electronically. Instead of using paper and coins to exchange values, you authorize the transfer of funds to another person or company. Logistics is still under development, but we have some tips on how a cashless society can evolve. Credit cards and debit cards are among the most popular cash alternatives in use today. But cards alone are not enough. Mobile devices are likely to become a primary payment tool. Electronic payment applications, such as Zelle, PayPal and Venmo, are useful for P2P payments. Mobile payment services and mobile wallets, such as Apple Pay, provide secure, cashless payments. In developing and developed countries that use money sparingly, mobile devices are the most common tools for payments. Cryptocurrencies are also part of the discussion: they are already used for money transfers and introduce competition and innovation that can help keep costs low. But they currently have regulatory risks and obstacles that make them impractical

In addition to paying bills, the user can easily transfer amounts of money to other people. However, the greatest facility is to carry out payment transactions without the need for inter-mediation by a financial institution. A cashless society may seem like something out of science fiction, but we are already on our way. Several powerful forces are behind the move to a cashless world, including governments and large financial services companies. Even critics of the dominant financial system and the coins issued by the government contribute to the elimination of money. But we are not there yet. In addition to logistical challenges, we need to address several social issues before giving up money entirely. The benefits and drawbacks below can give you an idea of ​​ the myriad effects that cashless can have on money and banking, as you know it. Benefits of cashless society Less crime  : With money, it is easy to steal money, whether the amount is large or small. In addition, illega

Steven Hoffmann Newt Corporation  (“Newt” or the “Company”) is pleased to announce the signing of KYC & AML Service Agreement with Te Identificas SAPI de CV (commercially known as “Tu Identidad”) on April 5, 2019 in Mexico City, Mexico. Tu Identidad is a digital identity platform that is transforming the Know Your Customer (KYC) and identity verification processes for its customers. Tu Identidad provides portable, user-owned, standardized digital ID credential that is relevant to the majority of businesses and individuals in Mexico. Today, business processes for identity verification are inefficient across industries in Mexico, and many businesses and individuals waste valuable time and money as a result. As per the terms of the MOU, Newt will use Tu Identidad’s business processes for identity verification in Mexico. The innovative solution of Newt’s use of Tu Identidad technology will allow individuals to control their digital identities on their mobile devices, which streaml

Under the terms of the agreement, Newt customers will be able to utilize over 100,000Green Dot merchant locations in North America, including CVS, Rite Aid, Walgreens, Dollar Tree and Walmart, where they will have the ability to load cash, send remittances using Newt App, and make payments to participating merchants across the USA. The agreement will provide Newt with a powerful opportunity to bring thousands of new satisfied customers to its network, and to support the global digital ecosystem for remittances that Newt is building. Green Dot celebrates its 20th anniversary in 2019 and is a financially strong, multi-billion dollar public company traded on the New York Stock Exchange (NYSE:GDOT). It is the world’s largest prepaid debit card company by market capitalization. It is a federally regulated bank with deposits insured by the FDIC. With nearly 100,000 retail locations featuring Green Dot products and services, customers can add cash to their Green Dot accounts at retailers

Steve Hoffman company Newt Corporation 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 o

Steve Hoffman   Newt Corporation (“Newt” or the “Company”) is  pleased to announce the appointment of ​ Sergio Maya Aleman as Chief Executive  Officer of Latin America ​, effective immediately. Mr. Sergio Maya Aleman  will oversee the Company’s ongoing operations in Latin America, strengthen its presence in the market, and assist positioning Newt for further expansion into Latin American territories and beyond. Mr. Maya Aleman is an established and successful executive, with over ​ 20+ years of  experience  in the private and public sector in Mexico. Mr. Maya Aleman’s long  track record of managing technology companies and large teams is exceptional. He  has held the positions of Controller and Chief of Security at ​ Interjet Airlines ​ ,  Mexico’s third largest airline, as well as Financial, Accountability and Fiscal roles  for ​ Municipal and State Governments  in Mexico. Mr. Aleman has provided  platforms for Carso Group – Carlos Slim’s Educational Platform, in addition to  progr

Steven Hoffmann Newt Corporation (“Newt” or the “Company”)is pleased to announce the signing of a SaaS Contract with COFRESA (commercially known as FreedomPop), owned by Dish Mexico for integration on Newt’s SaaS Payment Platform, in Latin America. As per the terms of the agreement, Newt shall become an exclusive distributor of FreedomPop’s airtime top ups in Mexico through Newt’s network of customers and partners. The Contract also establishes that Newt will provide its SaaS Software Platform to FreedomPop to deploy their digital services in the country. This shall provide FreedomPop with an opportunity to reach more customers and increase their sales, while allowing Newt to further increase the number of transactions of electronic products and services, and benefit from the increasing demand for airtime top-ups at POS locations across Mexico. FreedomPop is a disruptive mobile services provider, which is owned by Dish Corporation in Latin America. They have over 500,000 users o

  Chedraui  is the third largest Mexican supermarket and department store chain, which operates over  330 large-scale locations across Mexico . In addition, it also operates stores in the US states of California, Arizona, and Nevada under the name “El Super”. The company is traded on the  Mexican Stock Exchange  under the symbol  CHEDRAUI . Under the terms of the five-year contract, Newt’s SaaS software platform will be used for processing Bill Payments and Top Ups exclusively in all Chedraui locations throughout the entire Mexico. Chedraui’s 2018 transaction totals were in excess of $24,000,000 USD in Top Up and Bill Payment, and steady growth is anticipated in the upcoming years. Newt shall be the exclusive provider of Top Up and Prepaid Payment services, covering all Telecom, bill payment, and prepaid services at Chedraui’s retail locations and Point of Sales. Under the agreement, Newt shall supply the technology at all 330 locations, featuring a dashboard and data analytics for top

Prepay Nation is a US company that connects mobile network operators and retail distributors for the sale of international mobile airtime.  It has a network of over 220 mobile operators in 100 countries and diverse distribution channel spanning over 250,000 locations in the US, Canada, Europe and Middle East. Newt’s customers will be able to top up their mobile phones instantly, or  send top-ups to their family or loved ones on Newt platform through the mobile application.  Newt’s API integration with Prepay Nation will provide for seamless, secure and real-time purchases. Prepay Nation has an unmatched network of international operators and retail distributors, which means they facilitate the transfer of airtime across borders more easily, more efficiently, and with a farther reach than anyone else in our industry. “We are delighted to partner with Prepay Nation, and to enable Newt’s customers to send mobile airtime domestically and across international borders instantaneously”,  stat