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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?


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Expansion of China Payments partnerships & processing 

ASX Announcement 8 April 2019 


  • OpenDNA partners with Novatti for Alipay and Wechat Pay processing 
  • New channel for retail, education and tourism payments for Chinese consumers 
  • B2B partnerships continue to grow

Novatti Group Limited (ASX: NOV, “Novatti”) is pleased to announce that OpenDNA Limited (ASX:OPN) has selected Novatti to provide processing for Alipay and Wechat Pay for its RooLife portal. The RooLife portal enables purchase of products and services in Australia and extends the capability for RooLife to process payments directly in Australian Dollars, optimising OpenDNA’s position with foreign exchange movement for goods and services purchased within Australia.

The service will optimise transactions between RooLife’s merchants and customers in Australia, delivering fast settlement via an Australian domestic funds transfer to the merchant's Australian account in AUD from WeChat and Alipay payment transaction made by Chinese when in Australia.

Novatti’s China Payments modules will be added to OpenDNA’s RooLife e-Commerce platform and hyper-personalisation AI engine, providing additional customer profiling and valuable insights into Chinese residents, tourists and business travellers’ purchasing habits, creating additional opportunities for sales of products.

OpenDNA CEO, Mr Bryan Carr, commented, “We are delighted to partner with Novatti and the China Payments business to service the large and growing market for purchases made using the most widely-used payment methods in China – WeChat and Alipay."

Novatti CEO, Peter Cook noted "OpenDNA bring a very innovative service to the market and with significant analytics and value add. Novatti is pleased to be their selected Chinese payments processing partner. This B2B agreement is one of many we aim to bring to market, the majority of which will provide per transaction fees that will be dependent on the number of transactions. We are focussed on growing our number of B2B partners." 

Strategic Consideration 

Novatti continues to create B2B processing partnership agreements with other innovative payments companies and financial institutions and in particular for the processing of cross border payments and allied services. Over the last year this includes agreements with ePay Australia and IncentiaPay Limited (ASX:INP) for the extension of Novatti's processing of Alipay and Wechat Pay payments.

  • ePay Australia announced on 20 December 2018 that the ePay app is available on the CBA Albert terminals for processing of Alipay payments1 . 
  • ePay Australia announced on 3 April 2019 that GM Cabs is using an ePay solution for Alipay processing.2 
  • IncentiaPay and Novatti announced a processing partnership on 28 November 2018. 
  • Novatti launched its Chinapayments.com portal in April 2018 for the processing of BPay payments using Alipay and Wechat Pay.

Click here to view the full announcement


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IBM World Wire network foundation member 

ASX Announcement 19 march 2019 


  • Novatti joins IBM World Wire network as a foundation member 
  • IBM World Wire network built on blockchain technology for faster, cheaper and real time global payments. 
  • IBM World Wire network enables Novatti customers access to more currencies more digital assets and more services 
  • IBM World Wire network membership increases access to Novatti’s AUD stablecoin

Novatti Group Limited (ASX: NOV, “Novatti”) is pleased to announce it will join IBM Blockchain World Wire1 , a real-time global payments network for regulated financial institutions such as Novatti's subsidiary Flexewallet Pty Ltd. IBM World Wire is designed to optimize and accelerate foreign exchange and remittance services through a New CrossBorder Payments Network Supporting Real Time Payments and Foreign Exchange on the Stellar Protocol. 

By connecting to the World Wire network, Novatti now has access to a single unified network for foreign exchange and cross-border payments clearing and settlement built on blockchain technology and the Stellar public protocol. This will allow Novatti to offer clients the ability to conduct transactions across additional currencies and provide access to new digital assets including stable coins using Stellar Lumens (XLM) protocols. Novatti has already integrated to the Stellar network and provides the first digital Australian dollar NOV1AUD stablecoin on the Stellar network.

"World Wire enables Novatti and its clients and our investment SendFX to leverage this new network to create choice, improved pricing and speed. In particular our B2B customers appreciate this innovation and the commercial relationships with IBM." said Peter Cook, CEO of Novatti. 

World Wire enables regulated financial institutions such as Flexewallet Pty Ltd with its AFSL and AUSTRAC registration to expand their business ecosystems more rapidly, while improving financial inclusion for people around the world through highly secure, point-topoint payment transactions.

World Wire provides a more straight-through model for cross border payments using the Stellar protocol that makes money transfers point-to-point in lieu of the complexities of conventional correspondent banking. It reduces intermediaries and allows users to accelerate settlement time often in seconds by transmitting monetary value in the form of digital assets, commonly known as cryptocurrencies or "stable coins." This simplified approach improves operational efficiency and liquidity management, streamlining payment reconciliation and reducing overall transaction costs for financial institutions.

“Blockchain provides a transparent, technology layer for payments,” said Jesse Lund, Global Vice President, IBM Blockchain. “Using distributed ledger technology, World Wire can be used to optimize financial flows worldwide by allowing institutions such as Novatti to connect to the network APIs, see exchange rate quotes in real-time, and record transaction details onto an immutable blockchain for easy auditing and reconciliation. This reduces the need for intermediaries and long durations for clearing and settlements – which ultimately can get money into consumers’ hands faster and more efficiently.”

The World Wire network is poised to support more than 50 countries, with 20+ currencies and more than 30 banking end points with more being actively added based upon client demand.

Strategic Consideration 

Novatti's growth in payments processing includes major increases in cross border payment processing and in particular cross border remittances both in and out of Australia. IBM World Wire is another network that Novatti can use to improve customer offerings and provide improvement in pricing and margins. Remittances are a core need of the migrant market segment. This will enhance Novatti's proposition for migrant banking services which would be provided if Novatti's current application to APRA for Restricted banking licence is successful.

Click here to view the full announcement


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Chinapayments.com transactions update 

ASX Announcement 18 February 2019 


  • 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


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Vision, Mission & Core Values


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


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:

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.


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