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 Newt Announces Appointment of Sergio Maya Aleman as CEO of Latin America

Image
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
Read more

3 habits of those who live complaining that they are broke by Steven Hoffmann Newt

Image
According to Steven Hoffmann Newt , It is very common to find people who are always “broke”! They are not necessarily in debt, but they are always complaining that the “money is short” and that “there is nothing left at the end of the month”. Well, if you take a closer look at these people, you'll see that they have some characteristics in common. We will describe 3 habits of this type of person. These are Steven Hoffmann general behaviors and are not necessarily linked only to monetary matters, but they deeply affect our financial life. 1) Search for Immediate Satisfaction Some people have a tendency to seek immediate satisfaction and are unable to 'postpone' this need. They end up prioritizing the present over the future. But this is not just a financial issue: the decision between taking advantage of the present or preparing for the future must be made in relation to several of our day-to-day activities. For example: ·          - Should I study for the algebra te
Read more