Novatti and Decta partner for new APAC Visa issuing business

Two of the world’s leading payment processing companies have joined forces to launch a new Visa issuing business in the Asia-Pacific region with Australian fintech company Novatti (ASX: NOV) partnering with Decta, a leading payments processor in Europe.

The partnership leverages two of the company’s core strengths with Novatti holding a Visa Principal Issuer Licence from VISA Inc, and Decta’s leading anti-fraud and pre-paid card management services.

Having been awarded a Principal Issuer Licence by Visa in September 2019, Novatti has been able to issue and distribute both physical and digital Visa cards.

These can be used in stores that accept Visa, or be used to purchase goods online without the need to link the payments to a personal bank account whilst greatly assisting populations where cash had been the primary payment method.

“Novatti has been methodically building this new Visa issuing business as part of its strategic plan to become a banking services provider,” said Novatti Managing Director, Peter Cook.

“Partnering with Decta, a trusted, innovative technology driven processor, enables Novatti to launch this exciting new business, and provide flexible and secure new products to consumers, particularly when there is an increased need during the COVID-19 crisis.”

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Source: Novatti and Decta partner for new APAC Visa issuing business – The Sentiment