Novatti Partners with Ripple to Provide Real-time Remittance

​Novatti, an Australian digital banking and payments company, announced that it has partnered with Ripple to enable real-time remittance between Australia and Asia.

Partnering with Ripple enables Novatti to process global payments instantly through RippleNet Cloud, a blockchain payments network used by more than 300 financial institutions including American Express and Moneygram.

Further, Novatti expands its services in the Southeast Asia region through a recent collaboration with Ripple, which would create further potential revenue sources for Novatti's payment processing business.

Commenting on the recent announcement, Managing Director of Novatti, Peter Cook, said: “Novatti is incredibly excited to partner with Ripple, who is rapidly disrupting the global payments industry. This partnership will further increase Novatti's competitiveness and provide our customers with access to new, innovative payment solutions. In particular, we look forward to working with Ripple to provide our customers with access to their exciting alternative financing solutions, so that our customers can free-up capital to focus on growing their businesses.”

Alongside their expansion into South-East Asia through this new Ripple partnership, Novatti has also flagged North America expansion plans for their billing automation software division in 2021 having undergone a major hiring spree over the past three months.