Australia's Novatti Group rises most in a month on regulatory update

Novatti

29/11/2021 23:32

** Shares of Novatti Group Ltd  NOV.AX  rise as much as 6.5%
to A$0.33 - set their best intraday session since Oct. 20
    ** Payment services provider says it is working proactively
with Australia's banking regulator for approval of its new
banking business licence urn:newsml:reuters.com:*:nASN001XUZ
    ** Co says seeks to move into the final licensing decision
stage whereby licensing decision is made within 90 days
    ** Adds NOV sees global shift to cashless and digital
payments to continue to accelerate going forward
    ** Stock has risen 19.2% this year, as of last close

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))