Digital payments and fintech company Novatti Group (ASX: NOV) has added a few more Tier 1 partners to their payments network with Google Pay and Samsung Pay now supporting Novatti-issued Visa credit cards.
The ability for users to be able to make these digital payments through their smartphones and smartwatches is particularly attractive to potential business customers for Novatti that wish to have their own branded VISA cards issued, a service offered by Novatti which currently being used by seven fintech clients.
“Novatti’s fully-digital banking and payment services are designed to match the needs of a modern lifestyle,” said Novatti Managing Director, Peter Cook.
“By partnering with Google Pay and Samsung Pay to integrate our Visa Prepaid cards, Novatti will provide our clients with even greater functionality and coverage.”
“Meeting Google Pay and Samsung Pay’s requirements is another tier-one validation of the quality of Novatti’s products and services.”
With their integration into Google Pay and Samsung Pay, it brings Novatti-issued Visa credit cards in line with the Big Four banks which also enable smartphone and smartwatch payments to be linked to their issued credit cards.
Where this partnership is particularly attractive, is for global companies that want to issue prepaid VISA cards to customers all over the world. Without having to wait for the cards to arrive in the post, customers are able to link their cards digitally into their smartphone or smartwatch instantly, and commence making digital payments immediately.
The addition of Google Pay and Samsung Pay integration will be added to Novatti’s recently launched Digital Payments Accelerator which offers ‘banking in a box’ payment solutions for business and government partners seeking API-driven payment solutions.
In their recently reported quarterly results, Novatti reported strong growth in their payments infrastructure which processed more than $2.3 billion in annual transaction volumes, up from their previously reported $2 billion.
*Owners of this website are shareholders in a company mentioned in this article and have been engaged by them to assist in investor communications
Alfred Chan is a Business Reporter at The Sentiment specialising in ASX-listed small cap companies, a bloodstock enthusiast and former equities analyst.
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