Novatti Group (ASX:NOV) Presentation, FNN Investor Event, April 2019, Sydney

Company Presentations

Novatti Group Limited (ASX:NOV) CEO, Peter Cook presents on the company's 1H19 results, growth in transaction processing and range of processing solutions, and provides an update on Novatti's becoming an ADI (authorised deposit-taking institution), at FNN's Investor Event.

Key points:

  • Creating a digital ecosystem to service migrants specialising in cross-border payments
  • Record half year revenue of $3.84 million
  • Continued growth in transaction processing revenue, up 21% from $881,000 in Q1 FY2019 to $1.06 million
  • Expecting to obtain ADI licence mid year
  • Robust and efficient software solutions include Consumer Digital Wallets, Branchless Banking, Mobile Money, Bill Payments, Remittance Services and Voucher Management Systems
  • Transaction processing services include Flexepin, an open-loop cash voucher service, Flexewallet for remittance and compliance services, for bill payment services for Chinese consumers and Vasco Pay a prepaid reloadable Visa card

For more, watch CEO Peter Cook present.