- Digital banking and payments group Novatti (NOV) has partnered with a global payments company, Ripple, to target the Southeast Asia market
- Through its global financial network, RippleNet, Ripple allows its partners to instantly process global payments and access emerging capabilities, such as blockchain and XRP
- Novatti’s customers will gain access to RippleNet and the financial institutions that Ripple works with, such as American Express and MoneyGram
- The companies will initially target transactions between Australia and Southeast Asia
- They’ll also aim for Novatti to process Ripple’s cross-border payments into Australia which may create a new revenue source for Novatti’s core payments processing business
- Novatti’s shares are in the grey, trading at 27.5 cents
