Novatti Group PETER COOK CEO of Novatti Group
Q What is the Novatti Group? Our vision is to help everyone “pay and be paid.” This simplifies the process of sending and receiving payments for businesses by eliminating unnecessary steps. We offer a comprehensive compliant set of payment solutions to any business, regardless of whether it is a traditional store, a software firm, or even a person who is not tech-savvy. The secret sauce is to have financial licences combined with high automation via technology and global partnerships. Novatti Group has financial licences in Europe, Asia and North America and is continuing to work on expanding these licences. Novatti Group has extensive commercial partnerships with companies including Visa, Mastercard, Amex, Ripple, Stellar, Unionpay, Alipay and Wechat Pay. With over 200 staff in AsiaPac, Europe and the US, Novatti Group has been continuously expanding and offering innovative services that have shaped the Fintech industry since 2015. Soon after the launch, the company became publicly traded on the Australian Securities Exchange (ASX) after our initial public offering (IPO), which was actually oversubscribed too. Our services will typically take care of all of your payments requirements. Some of the services we specialise in include card issuance, merchant acquiring, cross-border remittance, international transactions, and many payments-related back-office functions.
member state, including Germany, France, Italy, and many more. We already have offices in London and Cyprus; London, of course, was historically Europe’s foremost financial centre because of its abundance of international banks and other regulated financial organisations. We are also already active in Europe with our products Flexepin and Verv and we are supporting our merchants with a range of cross border payment and card acquiring services to help them move money faster and cheaper in a compliant and secure way. Both provide a dynamic range to the financial capabilities and help companies achieve our vision. Q What are Flexepin and Verv? Flexepin is a shopper’s delight. Using a Flexepin prepaid cash voucher, customers may add funds to their current accounts and make purchases online without using a credit or debit card. When you use cash vouchers, you may deposit and withdraw money from digital wallets and utilise them at any business that accepts them. This provides an entirely new layer of privacy and security to the customer as they do not need to provide companies with their personal financial details.
Q Why are you looking at Europe?
Verv, on the other hand, offers a complete digital banking suite that caters to businesses. This provides a growing organisation’s whole payments ecosystem, including everything from their one-of-a-kind data security solution to domestic and international bank payments.
Europe has been one of the biggest role-players in the financial world. By registering and gaining licences in a single EU member state, Novatti Group can provide its solutions to European merchants and other payments companies.
Both provide an alternative to the conventional banking and monetary systems that are already available. These brands help us provide unique compliant and secure products that benefit numerous industries and personas.
A defining characteristic of the financial services industry is stringent legislative regulation. Companies that fall under the “financial institutions” category in Europe, such as banks, brokers, investment dealers, and others, are subject to these rules. With a valid licence issued by any EUA member state, a financial institution can legally operate in any
GAME CHANGERS Issue #41
