Newt Signs Agreement with 10VIA Bill Payment System

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 “10VIA”) 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.”

About 10VIA

10VIA was formed several years ago with the mission of developing world classtransactional 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.

About Newt

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.

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