Ann: Change of Director's Interest Notice, page-53

Novatti have just released an investment report prepared by Baker Young Stockbrokers which refers to TSN on page 14:

India Payments - Transaction Solutions International Ltd Partnership Novatti entered into an exclusive agreement with Transaction Solutions International Limited (ASX.TSN) to develop solutions for the multi-billion-dollar digital payments market in India. India is a highly attractive market as a result of a current legislative push to transition away from a ‘cash economy’ in order to reduce corruption, increase business inefficiencies and tax overall revenue. TSN is a strong partner with a network of 14,000 ATMs and established relationships with more than 35 tier-one Indian banks, including the Central Bank of India and the State Bank of India.
The services offered to the Indian market will include:: • An agent based payments and collections network;;
• Bill payment aggregation and a cash pickup remittance network;;
• Digital wallets; and • Additional mobile banking, branchless banking and cash collection solutions.
According to a report by the Boston Consulting Group, it is estimated that total value of payments conducted via digital instruments in India will reach US$500 billion annually by 2020, an increase of approximately 10 times over current levels.
Revenue Model
Novatti will receive a mixture of wholesale and revenue share fees and the revenues will be dependent on sales volumes.

MartyW