NOV 16.7% 7.7¢ novatti group limited

Ann: Lifepay moves to commercial launch, page-11

  1. 182 Posts.
    lightbulb Created with Sketch. 23
    Steady steady.
    A few features that don't seem to have been unlocked yet on the Lifepay app is the ability to load the virtual card on to Applepay.
    Got to lay the tracks down first and make sure the parameters and infrastructure is well set before widgets and features begin to be unlocked/released.

    Thinking out loud here.
    So once NOV obtain their Banking License, Lifepay which NOV owns 25% of will need to operate under NOV's license for certain products it sells.
    I presume this will be additional income stream from LIfepay to NOV in terms of say a Dealer/Licensee fee? I wonder how this will be structured.
    Once this grows, will NOV look to acquire the residual 75% of equity?
 
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