Novatti Group Ltd (ASX:NOV) is a global software technology and payment services provider, and last month outlined that one of its Software as a Service client is ready for a commercial launch and is integrating a Bitcoin exchange to the Novatti Payments Platform.
Novatti has been under contract with Hong Kong global fintech start-up TiENPAY Ltd for 18 months to design and deploy a global digital wallet system that will be called TiENPAY.
TiENPAY will have many characteristics of other China based wallets such as those deployed by WeChat and AliPay plus additional features to service its target markets.
Novatti is now heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.
The halt will remain in place until the opening of trade on Wednesday 11th October 2017, or earlier if an announcement is made to the market.