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Novatti Group Limited (ASX:NOV)

ALERT: Price-sensitive ASX Announcement for NOV
Current share price for NOV : $0.016 -0.001 (-5.88%)+
Announcement
Release
21 May 2026 8:16AM
Price at Release
$0.017
Full Release
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Summary
Novatti Group Limited has expanded its presence in the education sector by integrating Alipay into the University of New South Wales' (UNSW) student payment portal, enhancing the payment experience for international students, particularly those from China. This integration, launched in October 2025, in partnership with UNSW and Xetta, allows students to pay tuition fees using Alipay in their local currency. The service has shown promising results, generating significant transaction value and revenue by April 2026, and aims to cover up to 80% of Australian universities. This initiative aligns with Novatti's strategy to scale its payment infrastructure business and capitalize on the growing need for seamless international payment solutions in the education sector.
Key Points
  • Novatti has integrated Alipay into the UNSW student payments portal.
  • The integration launched in October 2025 in collaboration with UNSW and Xetta.
  • The service deployment has surpassed expectations with $33.6 million in GTV and $0.5 million in revenue by April 2026.
  • International students can now pay tuition fees using Alipay directly in their local currency.
  • The initiative aims to improve the payment experience for international students, especially from China.
  • Novatti plans to expand this service to 80% of Australian universities.
  • The integration supports Novatti's strategy to grow its high-margin payment infrastructure business.
  • UNSW is the first Australian university to adopt this payment solution, with potential expansion to other institutions.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.