Novatti partners with Google Pay and Samsung Pay
Novatti Group Limited (ASX:NOV), a leading digital banking and payments company, announce that its Visa Prepaid cards are now supported by Google Pay on Android mobile devices, with Samsung Pay due to follow later this week.
Google Pay and Samsung Pay are global digital payments platforms that enable users to make online payments as well as contactless in-store payments by tapping their devices. The extension of Novatti’s digital solutions to Google Pay and Samsung Pay adds to the strength and innovation of Novatti’s card issuing business and follows extensive testing and integration work having been completed.
Novatti joins the major Australian banks, including ANZ, Commonwealth Bank of Australia, NAB, and Westpac, that are supported by both Google Pay and Samsung Pay.
Novatti offers physical, virtual and tokenised Visa Prepaid cards, after being awarded a Principal Issuer Licence by Visa in September 2019. These capabilities further Novatti’s aim of enabling every person to make fast, simple and secure payments from any device, anywhere.
Increasing the access and application of Novatti’s Visa Prepaid cards is expected to further drive revenue growth in Novatti’s card issuing business. Seven fintechs have already signed agreements with Novatti to provide various card issuing programs, including four white-label programs as well as three new clients of Novatti’s recently launched Digital Payments Accelerator. All these clients will be able to access both Google Pay and Samsung Pay, enabling increased consumer engagement and additional transaction revenue for Novatti dependent on take-up.
Managing Director of Novatti, Peter Cook, said, ‘Novatti’s fully-digital banking and payment services are designed to match the needs of a modern lifestyle. By partnering with Google Pay and Samsung Pay to integrate our Visa Prepaid cards, Novatti will provide our clients with even greater functionality and coverage. Meeting Google Pay and Samsung Pay’s requirements is another tier-one validation of the quality of Novatti’s products and services.’