Newt Signs Agreement to Operate SaaS Payment Platform for BBVA’s Over 11 Million Customers in Mexico

Newt Corporation (“Newt” or the “Company”) is pleased to announce the successful signing of an agreement with Blackhawk Network (“Blackhawk”) to operate the SaaS payment platform that enables Blackhawk to provide digital products and services to BBVA, the largest financial institution in Mexico.

“BBVA services over 11 million customers, and we are proud to have been selected to develop and operate Newt’s white-label SaaS platform for BBVA,” said Sergio Maya Aleman, CEO of Latin America of Newt. “Collaborating jointly with Blackhawk to deliver their digital stored value and prepaid cards to the Hispanic market extends the reach of BBVA’s money solutions to the underbanked population and provides more alternatives to all of BBVA’s customers. We are confident that our alliance with Blackhawk will result in more opportunities to provide financial institutions and merchants with digital money solutions for end consumers, and the potential to scale volumes through Newt’s SaaS platform hub.”

Under the terms of the agreement, Newt will develop and operate its white-label SaaS platform for BBVA in conjunction with Blackhawk Network, connecting Newt’s payment services with Blackhawk’s Digital Catalogue of products. This connection will provide access to the catalogue through BBVA’s electronic banking services on smartphone and the web. Newt will deliver the necessary connectors to make its technology available to BBVA’s end users, while Blackhawk will contribute their complete catalogue of digital products and services to address BBVA customers’ needs.

Newt’s B2B solutions for BBVA will bring additional revenue and increase in sales for all parties involved, while servicing the end client with attractive purchasing options on all mobile devices and on the web, using BBVA debit and credit card processing for purchases of digital products.

“We are pleased to successfully secure another large enterprise contract with a leading global financial services group,” said Steven Hoffmann, Founder of Newt. “We believe our agreement with BBVA will expand Newt’s revenue and marketplace offering to other large financial institutions worldwide.”