Novatti Group Limited announced the launch of Lifepay, a new, innovative fintech platform that leverages Novatti's technology and licences, while further extending Novatti's B2C reach. Lifepay's integrated financial platform enables users to manage their daily life transactions, personal and social finances simply and effectively from their mobile device. In doing so, it provides consumers with access to the latest technology in banking and payments. Lifepay's services include: Digital banking - with transactional bank accounts, access to Visa Prepaid cards, real-time fund transfers; Payments ­ providing access to multiple payment methods, such as QR codes, Tap and Go and P2P transfer, as well as bill payments (such as BPAY) through card or mobile; Socialising ­ connecting friends and family financially without the need for bank details, enabling easy funds transfers. Lifepay is currently conducting a soft launch for up to 200 consumers, with a full commercial launch planned for early March 2021. Lifepay's services are expected to then be extended to include international transfers and connectivity to investment and lending platforms over the following six months. In addition to benefiting as a shareholder from future growth in the platform, Novatti will also earn fees from activity on the Lifepay platform, including compliance services, cross border payments, payment acquiring, and the issuing of Visa Prepaid cards, depending on take up of the service. Lifepay will also act as a channel partner for other Novatti products and services and as a potential customer acquisition channel for Novatti's banking business, with its application for a restricted banking licence currently being assessed by the Australian Prudential Regulation Authority (APRA).