Newt Signs Five-Year Contract with Public Company Chedraui Group

 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 management of the company, providing data analytics on sales and performance at over 1,500 Chedraui’s cash registers.



Chedraui is continuously implementing new technologies, providing their customers with new additional options for mobile, bill payment and digital products, and elevating the shopping experience by increasing product offering and enhancing value at the register.

Steven Hoffmann, Founder and CEO of Newt, stated: “We are excited to have been invited by such a significant retail provider as Chedraui, and to be selected as a supplier, providing our software technology payment platform. This contract represents another validation of successful implementation of our current B2B strategy, providing prepaid SaaS software services, attractive value-added services, as well as a diverse product catalogue with competitive pricing to the market.”

Sergio Maya Aleman, CEO of Latin America of Newt Corporation, stated: “We are extremely pleased having been awarded this important contract for implementing Newt payment technology platform.” He added: “The contract also provides the company with a further connection between North America and Latin America and links market channels for future success for the company. We will continue to expand in Latin America as the market sector is steadily growing, and this contract represents a stable long-term revenue growth for Newt, while allowing Chedraui to perform better sales with a more effective response technology at Point of Sale, thanks to Newt’s SaaS technology connector.”

About Chedraui

Chedraui is the second largest publicly-traded Mexican supermarket and department store chain, founded in 1927, which operates over 330 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.

For more information, visit www.chedraui.com.mx

Comments

Post a Comment

Popular posts from this blog

Steven Hoffmann Is it possible to live without a car?

Image
Last week, after a heavy rain in Torronto, Canada, it took me about 2 hours by car to cover a stretch that would normally take about 20 minutes.  During this time that Steven Hoffmann   spent there, He was thinking: would it be possible, somehow, to live in a big city without having a car? Steven Hoffmann Newt was not able to arrive at a certainty that this would be feasible, but at least it is possible to list some conditions so that this 'dream' is closer to reality: 1. Have a job at a fixed location. On 5 of the 7 days of the week we will have to go to work.  So, if you have a job that requires a lot of commuting to different places, to visit clients for example, leaving your car aside will be very complicated. But, if you work at a fixed location, it will be much easier to plan the use of some other type of transport where you don't have to be the driver (bus, metro, ride, 'chartered', etc.)! 2. Live close to work. We know that this condition is not easy, someti
Read more

Steve Hoffman’s company Newt Signs MOU with PagoFácil

Image
Under the terms of the contract, management teams of PagoFácil and Newt will collaborate in providing Newt’s SaaS software combined with Bank Processing Services in Latin America, as part of Newt’s Digital SaaS Offering. Thanks to this agreement, Newt will enable its customers in Latin America and Mexico with seamless online processing capabilities of Visa and Mastercard, embedded in the software. In addition, new methods of acceptance of debit cards, additional locations for cash payments, and SPEI Transfer capabilities have been added. The parties shall also jointly market the expanded service offering to Newt’s and PagoFácil’s client base, in order to increase the overall number of transactions processed. This agreement will further position Newt for the increase in digital payment services requested by the B2B market. PagoFácil is a Mexican company with extensive experience in Credit Card Payment Processing in Mexico. The Company is backed by a group of investors with several partn
Read more

WHAT TO CONSIDER WHEN HIRING A SAAS Service?

Image
Steve Hoffman Newt    - Software as a Service (or SaaS) is a fundamental piece for companies that want to strengthen their relationship with customers and improve their results. We are including in this guide some points that your company should take into account before hiring this service. Hiring software as a service has become one of the priorities of companies that want to establish more accurate connections with their end customer or optimize certain areas of the company, such as project management, data storage, and others. It is estimated that this product modality is one of the most profound technological developments of the last decade and still has many market shares to conquer, since several sectors of commerce and industry are constantly paying more attention to it. Through a SaaS it is possible to: 1. Establish the implementation cycles SaaS is not necessarily an initiative where there are multiple implementation cycles or sudden changes in infrastructure, but so
Read more