Over the past three years, cash payments have halved according to the Reserve Bank’s latest data, a societal trend being capitalised on by fintech company Novatti Group (ASX: NOV) which is benefiting through a 46% increase in their digital payments processing. Novatti has spent the last few years developing their digital payments ecosystem which allows
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Personal transport and digital payments company A2B Australia (ASX: A2B) is living out its comeback story after operations took a hit over the past two years. With the return of travelers, easing restrictions and digital payments boom, the Company is seeing its financials slowly return to pre-Covid levels. In FY23, its revenue increased by 17.7%
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Under the leadership of newly appointed CEO Mark Healy, digital payments company Novatti Group (ASX: NOV) is accelerating its pathway to profitability with an immediate uplift in their gross margins. Having spent the last few years developing and monetising their digital payment ecosystem, Novatti now has the revenue base to optimise its sales strategy by
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As digital wallets users in Australia have doubled in the last three years, the need to adapt traditional banking systems around digital currency is being explored by the Reserve Bank of Australia, with a use case presented by digital payments company Novatti Group (ASX: NOV) centring around their AUDD stablecoin. The presentation by Novatti was
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“Cash or card?” Just like millions of Aussies who opted to “bring their phone and no more” on a daily basis, you’ve probably lost count of how much you have tapped your phone or card. According to the Australian Banking Association (ABA), Australia’s shift to digital banking is accelerating, with the number of people leaving
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While international people flow stagnated over the past two years in response to the pandemic. Opening of borders, though, has seen a big uplift of arrivals in Australia which is being reflected in demand for digital payments from Novatti Group (ASX: NOV) which reported a 105% increase in transaction values processed from its cross border
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