Amid the rapid shift towards a cashless economy, fintech company Novatti Group (ASX: NOV) has been selected by global payments company Marqeta to be their domestic partner for the launch of a new prepaid cards business in Australia. The deal partners Novatti to Marqeta’s growing list of consumer brands including Square, Uber, Affirm, Instacart, DoorDash,
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Australian fintech and digital payments company Novatti Group (ASX: NOV) has further strengthened their payments business by expanding their partnership with the world’s leading lifestyle platform, Alipay, to integrate ChinaPayments.com into the Alipay app. Launched in 2018 by Novatti, ChinaPayments was a first-to-market platform for Chinese residents to pay their Australian bills via BPAY, but
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Australian fintech company Novatti Group (ASX: NOV) has reported a 67% rise in revenues from their payments processing business, a record for the company which has seen heightened activity amidst coronavirus lockdowns as businesses turn to digital payment solutions. For the quarter ending 31 March 2020, Novatti’s $1.72 million (unaudited) in payment processing revenue represented
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As society is bunkered down in self-isolation to prevent the spread of COVID-19, fintech company Novatti (ASX: NOV) has acquired payments platform Emersion with both businesses seeing a rise in online payment processing revenue to accommodate the new contact-free world. The acquisition will see Emersion integrated into Novatti, bringing with it the $1.7m in revenue
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Fintech company Novatti Group (ASX: NOV) has formalised an agreement to commence re-development of rental payments platform RentPay, in collaboration with Rent.com.au (ASX: RNT), Australia’s leading website dedicated to the rental property market. The partnership provides Rent.com.au with access to Novatti’s award-winning payment processing technology with Novatti gaining access to the rental payments market. “Novatti
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Undergoing a second investment round in preparation for the launch of their digital banking business, Australian fintech company Novatti Group (ASX: NOV) has secured further cornerstone investors committing $18m which will enable the Group to meet capital requirements for the granting of a banking license. The investors comprise Hong Kong-based Fortune Fund Investment (Asia) Limited
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