I’m hoping they crack the US with ‘Emersion ‘ early this year ….Should put a positive spin on things, especially if the AUD comes down a little…..
Don’t know if other Crypto deals are on the drawing board , but you’d think they’d be looking up those alleys , regardless of how XRP fairs….
From announcement 18/12/20…..
2020 highlights
Despite the challenges of COVID-19, 2020 has also seen Novatti record many notable achievements,
including:
Increasing annualised gross transaction value to more than $2.3 billion1
Launching new businesses, such as the Visa prepaid card issuing platform and Digital Payments
Accelerator, to help capture the rapidly increasing demand for cashless payments2
Successfully acquiring and integrating subscriber billing and payments platform, Emersion, to capture the
growth in automation and cloud hosting of billing and payment services, particularly following COVID193
Securing new partnerships with Ripple, Union Pay, Google Pay, Samsung Pay, Marqeta, Alipay, and Decta,
in addition to Novatti’s existing partnerships with global majors such as Visa and WeChat Pay4
Achieving average annual revenue growth of approximately 50% for each of the past three years5
Delivering the 6th consecutive quarter of record revenue for its payment processing business
Recruiting industry leaders to join the Novatti team, with a strong focus on business development and
customer management
Continuing its international expansion with regulatory approval for issuing and managing means of
payment obtained in New Zealand
Current quarter update
In addition to the highlights across 2020, Novatti has continued its strong performance during the current
quarter. Here, Novatti is pleased to report on recent highlights, including:
Growth in Novatti’s Card Issuing business, securing three new white-label programs, including one client
ordering 50,000 Visa cards
Subscriber billing and payment platform, Emersion, securing an average of five new customers per month,
up from an average of less than two prior to Novatti’s acquisition in April this year. Emersion also remains
on track to launch in the US in Q3 this financial year, with a focus on securing sales through its Salesforce,
Oracle, and ConnectWise partnerships. Emersion’s recurring revenue run rate is approximately 30% higher
than at April 2020
Ongoing growth in other Novatti business lines including ChinaPayments, Subscriber Billing, and
Technology Services
Continued progress in new business development, new partnerships and payment network integrations
A full report on this quarter’s activities will be provided as part of Novatti’s regular quarterly update, expected
to be released in late January 2021.
I’m guessing we are in for another rough year but electronic payments/online shopping seems to have kicked thanks to covid and should maintain momentum…..imo
NOV should start to show profits going by the above….
Neobank license a real possibility …NOV should be able to value add to existing clients…and also have learned from Xinja’s demise… the Xinja debacle may make licenses a little harder to obtain ?
Lots to like, they are dealing with some large global players….they just need to start showing the $$$$$$$
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