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Novatti Group announces SendFX selects Novatti as its key supplier of technology

11 March 2019

SendFX Remittance and Cross-border payments network - strategic investment & supply agreement

Highlights


  • SendFX remittance and cross-border payments network selects Novatti technology and services for long term supply agreement
  • Novatti takes 25% investment in SendFX
  • Novatti to earn $360k in the first 12 months of deployment
  • On-going revenue stream of up to $250k per annum
  • 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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