Novatti's Market-led, Customer Focus Strategy Update

Novatti Group Limited (ASX: $NOV) has announced the extension of its partnership with a major Buy Now Pay Later (BNPL) operator and the securing of a new partnership with one of Australia's largest food delivery platforms. The company also revealed its plans to launch ChinaPayments in New Zealand, expecting an increase in annualised gross revenue by at least $1.5 million.

Executive Commentary on Market-led, Customer Focus Strategy

Novatti CEO, Mark Healy, expressed satisfaction with the results of the market-led, customer-focused approach, highlighting the positive impact on new and extended commercial engagements in the Payments AU/NZ division. He emphasized the potential for further expansion into New Zealand with minimal additional operating expense, leveraging existing payments technology and streamlined offerings.

Summary of Novatti's Market-led, Customer Focus Strategy Update

Novatti's market-led, customer focus strategy has yielded positive results, with the extension of key partnerships and the securing of new engagements in the AU/NZ fintech operations. The company anticipates a minimum additional $1.5 million in annualised gross revenue from these expanded arrangements. With rising demand for charity point of sale solutions and ongoing cost-reduction programs, Novatti remains focused on driving financial performance and expanding its presence in the market.