Novatti onboarding 500 Merchants

Novatti Group Limited has reported strong market traction with a pipeline of over 500 new merchants to be onboarded by the end of H1 FY25, following its transition to a market-led, customer-focused strategy.

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Novatti Group Limited has reported strong market traction with a pipeline of over 500 new merchants to be onboarded by the end of H1 FY25, following its transition to a market-led, customer-focused strategy.

The company has secured partnerships in key target markets, including education and hospitality sectors, and has implemented a cost reduction program aimed at achieving positive operating cashflow by the end of H1 FY25.

Novatti's Payments AU/NZ business has seen significant growth, with a 15.7% increase in merchants using their payment acceptance services since the start of FY24.

The company expects to service more than 1,200 merchants in total upon completion of the new onboarding process, demonstrating the success of their simplified business model and cross-functional service approach.

ASX Code : NOV