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Latest Articles
Novatti cashing out of Reckon investment, clears debt to simplify payments business
Digital payments company Novatti Group (ASX: NOV) will save $4 million over the next four years having cleared their balance sheet of debt and corresponding interest payments after selling their stake in business software company Reckon (ASX: RKN) in favourable circumstances. As shareholders of Reckon, Novatti has earned $15.2 million in cash dividends since acquiring
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Chinese tour groups set to return to Australia as Novatti sees 67% growth in digital wallet payments
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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Integrated payment capabilities for merchants and digital wallets driving Novatti growth
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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Rising demand for fraud protection sees more businesses turn to Novatti for merchant services
Just two weeks after taking the reins of digital payments company Novatti Group (ASX: NOV), CEO Mark Healy has fronted shareholders to outline his ambitious plans to drive the Melbourne-based fintech’s growth and show why more businesses will shift their digital payment needs to Novatti. In the fast-paced world of payments where a simple tap
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Global payments guru Mark Healy to take Novatti to the next level as new CEO
To insiders within the digital payments industry, Mark Healy is a familiar name tied to success, risk management, and global expansion across the fintech world. It’s also why Novatti Group (ASX: NOV) sought him to lead the Company into a new era of global payments growth where the Melbourne-based fintech has established a payments ecosystem
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AUDD launches on the XRP Ledger as Novatti broadens stablecoin reach
By facilitating instantaneous transactions that can be publicly traced, blockchain-based payments are rapidly disrupting traditional banking systems where digital payments company Novatti Group (ASX: NOV) has confirmed the launch of its AUDD stablecoin on the XRP Ledger. XRP Ledger (XRPL) is a decentralised exchange (DEX) operated by Ripple, where XRP is the native digital currency.
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