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Corporate Spotlight

The Novatti Platform enables MNOs, banking and alternative payment network service providers to extend their product portfolio – taking our robust, integrated payments services to your consumer market faster and more cost-effectively
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Why Novatti?

CHINAPAYMENTS.COM

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Chinapayments.com transactions update 

ASX Announcement 18 February 2019 


Highlights 

  • Chinapayments.com linking AliPay to the payment of Australian bills 
  • Chinapayments.com sets a processing record of $460k in January 
  • Chinapayments.com processing expected to exceed $700k in February


Novatti Group Limited (ASX:NOV) (Novatti or ‘the Company’) is an online financial transactions processor, financial technology developer and an applicant for a Restricted Authorised Deposit Institution (RADI) banking license. Novatti is pleased to provide the market with an update on its Chinapayments.com business unit.


Chinapayments.com was launched less than a year ago and is rapidly growing both revenue and customers. Chinapayments.com is Australia’s only service where Chinese consumers are able to pay Bpay bills direct from their Alipay accounts. Chinapayments.com enables expenses such as university fees, rent, phone bills, utility bills and other Bpay bills to be paid using Alipay. A typical use is where it enables parents of Chinese students in Australia to pay bills for their child’s education.


Transaction processing grew to $460k for January 2019 and is expected to exceed $700k in February 2019. Novatti receives a fee for each transaction and expects Chinapayments.com to become an increasingly meaningful addition to its revenue.


The rapid growth of both repeat and new customers reflects the excellent service and bodes well for transitioning them to banking services.


“I am very proud that an idea was conceived and incubated within the company and is now creating a successful revenue stream. We see our continued strength in providing these consumer migrant focussed services as a fundamental capability that supports our strategy to apply for the RADI banking licence. From a long-term strategic point of view, the consumers who access the chinapayments.com portal will be good candidates for future banking services.” noted Peter Cook, CEO of Novatti,


Click here to view the full announcement

LEADING MIGRANT BANK

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PRESENTATION

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WHY NOVATTI?

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VISION

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Vision, Mission & Core Values

Vision

To be one of the world’s most respected mobile and alternate payment solution providers that enables financial inclusiveness for all people.

Mission

We leverage our extensive mobile billing and payments experience to create innovative new payments solutions for a global market of telecommunications, financial, and payment entrepreneurs. We collaborate with a network of local channel partners, joint-ventures, and innovative businesses to deliver our solutions.

Core Values:

Flexibilitycustomer-centric
We provide a flexible and practical approach to customer requirements.

Collaborationbuild one team
We actively communicate to achieve the best results. Respect and acknowledge all stakeholders’ inputs and experiences by working together.

Innovationchallenge status quo
We believe that meaningful and productive deviations are the result of observing challenges and opportunities from new angles and exercising our curiosity.

Respecthonour relationships
We treat our team members, customers, partners and suppliers with mutual respect and sensitivity, recognising the importance of diversity. We respect all individuals and cultures and value their contributions in all aspects of the business.

Accountabilityeveryone is accountable
We accept responsibility for our actions and deliver on our promises. We make and support business decisions through vast experiences, good judgement, and ownership of outcomes.

WWW.NOVATTI.COM

MANAGEMENT

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Management Profile

Peter Cook

Chief Executive Officer

Peter Cook has over 20 years’ experience in founding and leading corporations in industry sectors including telecommunications, IT services, IT security, m-commerce, and agribusiness. Peter has served as a director and MD of several multi-million dollar turnover corporations in Australia, New Zealand, and Canada. As the CEO of Novatti, Peter is responsible to the board for the successful operation and management of the company. Peter helped pioneer business models that disrupted business remittance and mobile payment industries. Peter commenced as the CEO in August 2002, having previously been a founder and non-executive director of the company. Peter has previously served for 8 years as an honorary board member of the Telecommunications Service Providers Industry Association Inc. (SPAN). Peter holds a Bachelor of Science degree, a postgraduate Diploma in Computing, a graduate Diploma in the Securities Industry from the Securities Institute of Australia and is also a graduate of the Royal Military College, Duntroon.

Mark Maglaras

Sales Director

Mark Maglaras has worked with the Novatti Group for over 16 years in a range of roles from project manager of operations to head of operations and global sales. Mark has extensive experience in technology and services business. He has previously led a range of initiatives involving the development and deployment of advanced payments and billing technologies and solutions in the Asia Pacific region. Mark has comprehensive knowledge and experience in prepaid telecommunications, billing and payment solutions. Mark spent much of 2012 working with Neural Technologies in the Pacific creating and launching their Mobile International Remittance and Payments project. Mark is a crucial driver of both internal and external operations of Novatti. He manages a global network of channel partners and sales staff, as well as the local marketing team. Mark holds a Bachelor of Science and a Bachelor of Engineering.

Steven Stamboultgis

Chief Financial Officer

Steven Stamboultgis has over 25 years’ experience gained in FMCG/manufacturing and Financial Services. With both a practical and innovative approach to problem-solving, Steven brings a range of skills and attributes to Novatti team. Key areas of expertise include influencing and negotiating finance, commitment to continuous improvement, implementing tools for managing a growing business, strategically mitigating cash outflows, capacity to develop results and at all times ensuring a value-adding methodology is maintained. Recently, Steven was Chief Financial Officer and Company Secretary for Urbanise.com Ltd. As CFO at Praemium Ltd, Steven was a member of the team that helped Praemium list on the ASX. Steven holds a Bachelor of Business (accounting), Master of Commercial Law and is a certified practicing accountant.

Kim Beveridge

Chief Technology Officer

Kim Beveridge has 15 years’ experience in software development, requirements definition, implementation, data migration and delivery of OLTP systems. Kim has extensive information technology experience and has been employed with Novatti development team in the prepaid telecommunications industry for the last 10 years. Starting as one of the lead developers for the Advant application, Kim’s role has evolved with the product suites and he now leads the product architecture design, planning, and development. Kim has a wide range of expertise in both the telecommunications and IT based systems. Kim also has strong knowledge in technical pre-sales, business analysis, and solution design. Kim’s main technical strengths are in telecommunications, payments development and architecture, covering areas such as Java design and development as well as integration and implementations with telecommunications networks utilizing SS7, ISUP, ISDN, CAMEL and RADIUS protocols and payments networks with ISO8583 and similar protocols.

Alan Munday

Group Chief Operating Officer

Alan Munday has 25 years’ experience as a director, executive, and management consultant including with KPMG, Senetas (ASX: SEN), Granite Investment Group and Total Tel International (TTI). Alan has been associated with the Novatti Group as an advisor from 2002. He then took on the role of managing international partner channels and sales. Alan has an extensive background in establishing and developing early stage companies. As a management consultant, Alan has helped clients develop and execute new business strategies. He is recognised for providing innovative and insightful solutions to ensure clients achieved their business objectives. Alan is a graduate of the Royal Military College, Duntroon and entered the business sector following 15 years service in the Australian Army, including 2 years in the US Army HQ Washington as part of the IT systems and network communications project. Alan has an MBA (Swinburne), Masters in IR and ER (Monash) and other academic awards in business. He is a certified company director (UCLA, USA) and has studied at the USA National Defense University, Computer Institute.

Selva Komari Jung

Regional Director MENA & LatAm

Selva Komari Jung has over 15 years of management experience, Selva brings a genuine passion for building valuable long-term relationships with Novatti’s clients, partners and colleagues to achieve mutual goals and deliver on promises. Based in Spain, Madrid, Selva is a well-organized, self-motivated, multi-task oriented, dedicated International Business Professional and a valuable member of the Novatti team. Since February of 2013, Selva has been dedicated to providing a top performance to achieve and exceed internal and external customer satisfaction and facilitate strategic business goals at Novatti. Selva holds a Masters in Management Organization and Human Resources, and a Masters in Protocol and Institutional Relationships, of which she has used to gain an established background in sales, marketing, and external communications.

Ian Huynh

Technical Support Manager

Ian Huynh has worked with the Novatti group for over 10 years to help develop the extensive product suite. Ian’s contributions to Novatti ranged from quality assurance testing to complete database disaster recovery solutions. Ian has comprehensive knowledge and experience in prepaid telecommunications, voucher management systems, and payment solutions. Ian’s main expertise lies in optimizing and implementing scalable applications and databases within heterogeneous environments. Ian was one of the core engineers to migrate customer environments onto cloud-based providers such as IBM Softlayer and Amazon Web Services (AWS). Ian holds a Bachelor of Design (Multimedia Systems) specializing in Computer Science.

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