Secure digital payments are now central to Ovanti Ltd’s (ASX:OVT) strategy after the company completed a review of its Business operations and exited buy now, pay later (BNPL) activities.

In August 2026, Ovanti announced that it had discontinued its global BNPL operations, including plans related to consumer BNPL products in Asia. Following this decision, the company’s iSentric business became the core focus of the group.

iSentric provides technology solutions across areas including mobile banking, authentication, digital payments, transaction processing and enterprise technology services. Its customers include organisations in banking, telecommunications and other sectors requiring secure digital transaction infrastructure.

The shift positions Ovanti around payment technology and software services rather than consumer Credit products.

Why the business strategy changed

Ovanti’s decision to move away from BNPL followed challenges associated with that business segment. The company disclosed that its United States BNPL entity remained subject to Bankruptcy proceedings and that it was pursuing legal action related to losses connected with the former US operations.

The company also implemented cost reductions, including reductions in staffing and consulting expenses associated with the discontinued BNPL activities.

By concentrating on iSentric, Ovanti is seeking to focus resources on an existing technology business with operational history and established services. The company has stated that priorities include expanding services to existing customers and pursuing new institutional opportunities in South-East Asia.

The transition reduces exposure to the consumer lending model but also removes the growth pathway previously associated with BNPL expansion. The company’s future performance will now depend largely on its ability to develop the payments and technology business.

The iSentric Revenue base

The iSentric business provides Ovanti with an operating foundation through its payment and technology services.

For Ovanti, secure digital payments represent the part of the business with existing customers and revenue generation. Digital authentication and transaction processing services support financial institutions and businesses as they expand online services.

However, the company remains small relative to larger technology providers operating in the payments sector. Expanding revenue will depend on securing new customers, increasing adoption of existing services and maintaining competitive technology offerings.

Risks and what to monitor

Ovanti continues to face risks associated with restructuring, business scale and execution.

The company’s discontinued BNPL operations, including ongoing US-related matters, create uncertainty. Legal proceedings can involve significant time and costs, and outcomes may vary.

The iSentric business also operates in competitive technology markets where financial institutions and enterprises have multiple service providers available.

Key areas to monitor include iSentric revenue growth, customer wins, developments related to the former BNPL operations and future Cash Management updates.

Ovanti’s strategy is now centred on building a payments-focused technology business. The company’s progress will depend on whether iSentric can provide sustainable growth and establish a broader customer base.

Key Insights

Ovanti (ASX:OVT) has shifted its strategy towards digital payments and technology services through iSentric after exiting BNPL activities. The company’s future direction will depend on revenue growth, customer expansion and execution of its payments-focused strategy.