Join our daily newsletter At The Bell to receive exclusive market insights
- System integration expansion potential being examined.
- Operational delivery and volume testing completed through first trimester.
- Initial uptake exceeds expectations.
- Service potentially available to 80% of Australian universities.
Novatti Group (ASX:NOV) has achieved a key milestone from the integration of its specialist service into the University of New South Wales (UNSW) student payments portal.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more
After being launched in October CY25 in collaboration with UNSW enterprise management platform, Xetta, the service has been deployed “seamlessly” through early CY26, with the initial uptake exceeding expectations, generating $33.6 million in gross transaction value and $500,000 in revenue to April 30.
Novatti’s CEO, Mark Healy, said the integration has enabled international students to pay tuition and related university fees directly within the MyUNSW Student Portal using Alipay, one of China’s most widely used digital payments.
“The integration at UNSW demonstrates the momentum we are building within our payment acceptance business and highlights the scalability of our education payments strategy,” he told shareholders today.
“International education is a significant economic sector for Australia, and payment experience has become an increasingly important component of the student journey.
“By enabling trusted Asian wallet payment options within existing university and other tertiary education systems, Novatti is helping these institutions improve accessibility for students while generating growing recurring transaction volumes.”
UNSW is one of Australia’s largest universities, with more than 70,000 students enrolled, including ~27,700 international students.
Under the arrangement, Novatti’s Acquiring platform is integrated with Xetta to provide regulated cross-border payment acceptance and settlement capabilities, enabling students and families in China to make payments in Chinese Yuan while funds are settled to UNSW in Australian dollars.
“Novatti expects to build on this base for UNSW and other university students; however, revenue is contingent upon extended take-up of the service,” Mr Healy said.
He said the deployment represents the latest integration emerging from Novatti’s strategic expansion into merchant acquiring and payment acceptance services, with education identified as a key growth vertical for the company.
“For Chinese students and their families, the ability to pay through familiar platforms such as Alipay materially improves the payment experience compared with traditional international bank transfers by allowing students to pay in their local currency without seeking international wire transfer providers,” Mr Healy said.
“Importantly, the use of trusted domestic payment platforms is particularly appealing to Chinese families managing international education expenses remotely, where convenience, transparency and payment certainty are key considerations.”
NOV is steady at 1.7¢. Mkt cap $10.52M.
Join the discussion: See what HotCopper users are saying about Novatti Group Ltd and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
-1200x645-380x200.jpg)
