New revenue stream
Scandanavian eCommerce company PayGround is utilising Novatti technology to deploy new and innovative services. Novatti will benefit from transaction fee revenues based on the number of transactions.
From Baker Young Stockbroker's commentary to their clients this morning:
BYS commentary
This shows that Novatti continues to integrate financial transaction revenue streams to its already large and growing revenue base.
Once the technology is integrated it provides Novatti with another recurring revenue stream that is essentially ‘all margin’.
This follows on from Novatti’s recent launch of a new business unit focussing on cross-border commerce payments into Zimbabwe, called ‘Amagetsi’.
Novatti will have first mover advantage for providing international payments in a geographic area that is ripe for disruption with existing cross border payments/remittances typically incurring a 9.5% cost/fee.
Amagesti.com aims to enable individuals to send any amount of money to Zimbabwe directly by paying for a service of product.
Continued validation of Novatti’s business strategy of growing incremental high margin revenue streams in diverse markets.
Please view the full announcement on the ASX or Novatti websites,
Best Regards,
Peter Cook
CEO
NOV Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
