NOV.AX - Novatti Group Limited

ASX - ASX Delayed price. Currency in AUD

Novatti Group Limited

461 Bourke Street
Level 3
Melbourne, VIC 3000
61 3 9011 8490

Full-time employees

Key executives

NameTitlePayExercisedYear born
Mr. Peter Samuel Cook B.Sc., BSc, GAICD., Gr.Dip Compng, Gr.Dip SecuFounder, MD, CEO & Exec. Director440.91kN/A1960
Mr. Alan MundayChief Operating Officer342.51kN/AN/A
Mr. Steven StamboultgisJoint Company Sec.220.75kN/AN/A
Ms. Dharshini MendezChief Financial OfficerN/AN/AN/A
Mr. Mark MaglarasSales DirectorN/AN/AN/A
Mr. Ian Hobson A.C.I.S., ACSA, B.BUS, F.C.A., FCA, M.A.I.C.D., MACompany Sec.N/AN/A1965
Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in AUD.


Novatti Group Limited operates as a fintech company worldwide. It operates through Technology, Business Automation, Acquiring, Alternative Payments, Banking Services, Issuing, and ATX Payments segments. The Technology segment develops, deploys, and supports mobile and alternate payment technology, primarily through the deployment of the Novatti platform; and provides billing and CIS solutions to service providers in the utility industry. The Business Automation segment automates business processes, including customer engagement, billing, collections, subscription management, and embedded payments. The Acquiring segment enables businesses to accept payments online for e-commerce with a focus on mobile point-of-sales. The Alternative Payments segment offers a network that interconnects payment platforms, remittance operators, financial institutions, retailers, utilities, and other types of cross border payment settlement offerings; and alternative payment method in the form of a prepaid cash voucher. The Banking Services offers banking services to customers with a focus on the migrant demographic. The Issuing segment provides reloadable prepaid cards for international and local university and college students. The ATX Payments segment offers payments network across Malaysia. Novatti Group Limited was incorporated in 2015 and is based in Melbourne, Australia.

Corporate governance

Novatti Group Limited’s ISS governance QualityScore as of 1 May 2023 is 10. The pillar scores are Audit: 5; Board: 10; Shareholder rights: 1; Compensation: 10.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.