11 March 2019
SendFX Remittance and Cross-border payments network - strategic investment & supply agreement
Highlights
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SendFX remittance and cross-border payments network selects Novatti technology and services for long term supply agreement
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Novatti takes 25% investment in SendFX
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Novatti to earn $360k in the first 12 months of deployment
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On-going revenue stream of up to $250k per annum
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Affiliate-led marketing model to extend Novatti influence in cross border remittance and payments market
Novatti Group Limited (ASX: NOV, “Novatti”) is pleased to announce an agreement to become the key supplier of technology and to be a 25% shareholder in new remittance company SendFX Pty Ltd (‘SendFX’). SendFX is launching its commercial cross-border remittance services on or around 1 April 2019.
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