In July 2020, software company Future First Technologies (ASX: FFT) invested $2.5 million in shares in tailored payment solutions company 1derful, gaining an 8.8% equity stake in the company. Come 2021, it invested a further $1.25 million. Now, the Company’s stake hangs in the balance as it has received word that 1derful has been placed
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A wave of tourists from China is expected to land on Australian shores in the coming months as tour groups return for the first time since before the pandemic. Chinese tour groups contributed $581 million to the Australian economy in 2019, providing a great opportunity for digital payments company Novatti Group (ASX: NOV), which has
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Do you recall the days when getting a new SIM card was a crucial part of our travel adventures? It was a common sight to see travellers desperately searching for a SIM card kiosk upon arriving in a new country, all in an effort to stay connected without facing those dreaded roaming charges. However, in
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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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Regardless of the ongoing debates over the financial wisdom of doing so, the fact remains that Buy Now Pay Later (BNPL) services have gained immense traction in Australia. They’ve significantly changed how people shop and pay as more Australians are turning to BNPL, even for necessities. Fueled by the surge, Zip (ASX: ZIP) has revealed
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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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