Novatti Group (ASX:NOV) is a digital banking and payments company enabling simple, fast and secure payments. Founded in 2015 the company offers software application for consumer digital wallets, branchless banking, mobile money, bill payments, voucher management systems along with utility and payment services.
With its unofficial tagline ‘enabling businesses to be pay and be paid’ Novatti’s strengths are in its technology, licences, and approach to forming global partnerships.
The company has secured partnerships with global payment leaders including Apple Pay, Google Pay, Samsung Pay, and UnionPay and is collaborating with Afterpay on a prepaid Visa program in New Zealand.
The company holds an Australian Financial Services Licence (AFSL) in the domestic market and is working to obtain similar licences for the European Union and Singapore.
Other key growth areas for Novatti include point-of-sale payments for ecommerce, merchant billing, and cross-border payment transaction services.
The company’s focus has been on B2B facilitating payments between parties that include banks, fintechs and non-financial businesses. However, B2C is also strongly on its horizon with plans to become a bank with the ability to accept deposits and offer savings accounts.
Novatti has lodged an application with APRA under the banking regulator’s P-plate scheme to enable fintechs to transition to a bank structure.
Peter Cook, Managing Director
Peter’s career has been largely based on founding and leading telecommunications and payments companies in Australia, Canada, Africa and Asia. Peter is a founder of Novatti and is the CEO and Managing Director of Novatti Group Limited. Peter is a regular speaker and thought leader on innovation and payments. Peter is a Responsible Manager for the ASIC AFSL for Novatti’s subsidiary Flexewallet Pty Ltd.
Peter is a Non Executive Director of P2P Transport Limited (ASX:P2P), and previously a Non-Executive Director and of Senetas (ASX:SEN) from Jun 1999 to Jan 2006.
Peter is a graduate of the Royal Military College, Duntroon; has completed a BSc (UNSW), a Grad Dip Computing (Canberra) and the Graduate Diploma in Securities course from the Securities Institute of Australia. Peter is a Graduate Member of the Australian Institute of Company Directors.
Peter Pawlowitsch, Chairman
Peter Pawlowitsch is an accountant by profession with extensive experience as a director and officer of ASX-listed entities. He brings to the team experience in operational management, business administration and project evaluation in the IT, hospitality and mining sectors during the last 15 years.
Peter is Chairman of Dubber Corporation Limited, and a non-executive director of Ventnor Resources Ltd and Knosys Limited, all ASX-listed companies.
Peter holds a Bachelor of Commerce from the University of Western Australia, is a current member of the Certified Practising Accountants of Australia and also holds a Masters of Business Administration from Curtin University.
Paul Burton, Non-Executive Director
Paul Burton has over 14 years of leadership experience in the payments industry and was the CEO of Datacash Group Plc, a payments gateway company bought by Mastercard. Datacash had a significant presence in Africa and Paul steered the company’s expansion in that market. Paul, a qualified chartered accountant, entered the payments industry in 2001 when he joined Proc-Cyber Services as a Financial Controller, which was later acquired by Datacash. He was the CEO of Datacash in 2012 when he left to offer management consulting services to a number of global payment processing companies.
Paul is a director of Novatti, TransferBridge and Flexewallet.
Paul holds a Bachelor of Commerce from Rhodes University and Honours Bachelor of accounting science from University of South Africa. Paul is a current member of the Chartered Accountant of South Africa.
Kenneth Lai, Non-Executive Director
Kenneth Lai is the managing director and wholly owner of Prestige Team Limited, an investment company which, together with its subsidiaries, holds an investment portfolio in Hong Kong and Southeast Asia. Prestige Team Limited has interests in real estate, payment processing, digital marketing and information technology support services. Kenneth has funded and invested in various Silicon Valley technology funds focusing on business opportunities within Asia. He also co-founded Legend World Development Technology Limited, a limited liability company incorporated in Hong Kong, which provides information technology solutions and integrated marketing solutions to business setups, and in which he is a shareholder and advisor.
Kenneth holds a Bachelor of Science degree majoring in Computer Science from the University of Auckland, New Zealand.
Steven Zhou, Non Executive Director
Steven Zhou is an experienced executive with payments industry experience in both China and Australia. Steven has recently aided Novatti in a number of deals involving new business operations between Australia and China.