Novatti granted restricted banking license
Novatti Group Ltd issued Restricted RADI banking license grant affecting Australian Prudential Regulation Authority on November 7, 2022.
- Primary
- Novatti Group Ltd
- Counterparty
- Australian Prudential Regulation Authority
- Amount
- $5M
- Structure
- Restricted RADI banking license grant
- Date
- November 7, 2022
- Sub-sector
- Card Issuing
Banking license enables card issuing, merchant acquiring, and cross-border payments infrastructure to increase margins and serve underserved fintechs and migrants.
Source: fool.com.au