Newt Announces Financial Network Services Agreement with Green Dot Corporation

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 in just about every neighborhood all across America.



Steve Hoffman, stated: “We are excited to get closer to North American consumers through Green Dot locations, and we are confident that this important milestone will solidify our product and service offering, while expanding our network. This agreement is a win-win strategy for both Newt and Green Dot. It will create tremendous synergies to connect North American and Latin American markets.”

About Newt

Newt Corporation is a Canadian Company that aims to become a Fintech Leader in remittances, 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 remittances.

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 delivers next generation payment transfer solutions using new methods for international money transfers. The company’s platform has been designed from the ground up for modern payments in a new ecosystem with full configurability, open API integration, and enhanced value-added services.

For more information, visit www.GetNewt.com.

About Green Dot

The Green Dot Corporation (NYSE: GDOT) is an American financial technology and bank holding company headquartered in Pasadena, CA. It is the world’s largest prepaid debit card company by market capitalization. Green Dot is also a payments platform company and is the technology platform used by Apple Pay Cash, Uber, and Intuit.

Green Dot Corporation is an issuer of prepaid MasterCard and Visa cards in the United States. These products are available at nearly 100,000 retail stores including CVS, Rite Aid, Walgreens, Dollar Tree; as well as discounted offerings at Meijer and Walmart. Green Dot also transfers individuals’ direct deposit funds (such as Social Security payments) from the US government to personal bank accounts.

The company was founded in 1999 as a prepaid debit card for teenagers to shop online. In 2001, the company pivoted to serving the “unbanked” and “underbanked” communities. In 2010, Green Dot Corporation went public with a valuation of $2 billion. For more information, visit www.greendot.com

About Steve Hoffman

Steve Hoffman is a founder of next generation payment transfer solution Newt for individuals and local closed loop systems that focuses on using new methods for money transfers..

 

 

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