Reckon Limited announced that it has entered into a partnership agreement with Novatti Group Limited to integrate Novatti's payments systems into new and existing Reckon products. Novatti is a leading fintech that enables businesses to pay and be paid, from any device, anywhere. The group is focused on mobility through technology and covers the complete payments value chain.

Novatti is Reckon's largest shareholder and holds a 19.9% stake in the Company. Under the agreement, Reckon and Novatti will integrate payment solutions into Reckon products. Both parties will initially focus on incorporating payments offering into the Company's Reckon One solution and new invoicing app.

Following this, the Company will expand the offering through its other products to leverage its established customer base of over 114,000 cloud users. To expedite uptake, Reckon and Novatti will offer attractive transaction costs to new and existing Reckon customers that utilise the new payments solutions, with both parties to equally share any gross margin revenue generated from the Company's customer base. Prior to completion of the agreement, Reckon has been working through product integration and development work in collaboration with Novatti.

The incorporation of new payments solutions is ready to launch to clients. Reckon will continue to work with Novatti to progress the integration across its entire product suite over the coming months, while simultaneously exploring other fintech opportunities including banking and lending services, payment automation and digital cards, including with Novatti.