Novatti’s new licence paves the way for New Zealand expansion
Leading digital banking services and payments company Novatti announces that it has received regulatory approval for ‘issuing and managing means of payment’ in New Zealand.
This additional capability will be provided through Novatti’s subsidiary, Flexewallet (NZ) Limited, with its registration with the New Zealand Companies Office Financial Service Providers Register extended. This is the regulatory step necessary prior to Novatti launching any issuing services in New Zealand.
Managing Director of Novatti, Peter Cook, said, “Novatti’s model is to build platforms that provide the ability to scale. Obtaining regulatory licencing is core to this strategy. Where possible, Novatti aims to offer complementary services to existing Australian customers with a presence in New Zealand, and to capitalise on the deep relationships that already exist in New Zealand through Novatti’s business process automation subsidiary, Emersion.”
This latest regulatory approval follows some of Novatti’s other recent growth-focused achievements, including:
- Launching its Digital Payments Accelerator, providing innovative fintech and financial products with a fast-track to market
- Business process automation subsidiary, Emersion, being cleared to launch on leading global business applications marketplace, Salesforce AppExchange
- Recording average annual revenue growth of approximately 50% in each of the past three years
