Key Data

• Trading Name: Novatti 
• Legal Entity: Flexewallet Pty Ltd/Novatti IBA Pty Ltd
• Activities:global provider
• Location: Australia 
• Regulations: Australian Financial Services License 

Novatti is a global provider of software technology, utility billing, and payment services.

Novatti holds an Australian Financial Services License (No. 448066) through its subsidiary Flexewallet Pty Ltd and a New Zealand Financial Services Provider Registration (FSP613789) through its subsidiary Flexewallet (NZ) Limited. The company is registered with AUSTRAC as a Remittance Network Provider, and has applied to APRA for a Restricted Banking License through its subsidiary Novatti IBA Pty Ltd.

Offering

Through its technology and services, Novatti helps economies, businesses, and consumers digitize cash transactions.  Its solution includes consumer digital wallets, branchless banking, mobile money, bill payments, remittance services, and voucher management systems.

Novatti‘s transaction processing services include Flexepin, an open-loop cash voucher service, Flexewallet for remittance and compliance services, and ChinaPayments for bill payment services for Chinese consumers.

Conclusion

We rate the company on Green.