Steven Hoffmann Chairman/Founder of Newt Corporation

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...

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 popu...

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 techno...

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 ...

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’...

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 ...