In recent months, positive news for NOV has been strong and providing much exposure leading up towards the upcoming APRA banking license approval. Based off recent announcements and activities, the approval seems more of a ‘WHEN’ and not an ‘IF’ situation. Below is a quick list of recent NOV activities in the past few months:- Strategic partnership with BC Invest to drive NOV’s new banking business
- Recorded record quarterly sales revenue in March 2021
- NOV to deliver Afterpay card program in NZ
- NOV entering Philippines with RippleNet payment integration
- Emersion Systems successful launch in US
- Launch of LifePay App to tap into the digital wallet NOV will continue to grow and develop.
Right now, NOV is just the tip of the iceberg to the potential it will grow into.
Also interesting, is to monitor the market reception to the recently launched RentPay app by RNT. Seems overwhelmingly positives right now (still early) if app store reviews are anything to go by. I love NOV's incubator program, there's always something exciting and interesting.
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