Completion of ATX acquisition
Good morning,
I'm pleased to announce that Novatti has completed its acquisition of ATX, a leading South East Asian payments fintech, based in Malaysia.
As a reminder, ATX provides e-wallet providers, traditional retail stores and kiosks with digital payment services, such as third party bill and product payments.
The acquisition aligns with Novatti's other recent growth activities in the South East Asian region, including the expansion of our partnership with Ripple in Thailand, after launching in the Philippines in 2021.
It also provides additional strategic value, including:
- Access to an established network of 30k+ payments touch points across Malaysia
- ATX’s strong leadership team, including its founders who hold the positions of CEO and Director – Strategy, and who will remain employed post acquisition, ensuring continuity
- Access to ATX’s existing innovative solutions and technology, including its e-wallets
The completion of the ATX acquisition is a milestone for our growth strategy. A core component of this strategy is to pursue acquisitions, with a pipeline of further opportunities being assessed.
We now look forward to the ATX team joining Novatti and to working together to scale the existing business, introduce additional Novatti services, such as billing, and further expand across South East Asia, where we see increasing growth in digital payments.
If you would like to learn more about the acquisition, you can see our full presentation here.
Kind regards,
Peter Cook
Managing Director
Novatti Group Limited
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Novatti encourages investors to keep up to date with Novatti news, events and industry research by updating their contact details here. Shareholders can also update their mailing preferences online via our share registry Automic.
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Peter Cook discusses newest Acquiring Licences
Recorded 10 November 2021
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Novatti September Quarter Investor Briefing
Recorded 29 October 2021
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Recent Analyst Coverage of Novatti by MST Access and Emerald Financial
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Novatti Digital Payment Services Explainer
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