Payments processing company Novatti Group increased revenue by 65 per cent in the December half, maintaining its growth momentum as it works with APRA on its banking licence.The company released unaudited details of its December 2018 half results yesterday. Revenue for the half was A$3.8 million - up from $2.3 million in the previous corresponding period.The balance sheet at December included $3.1 million of cash and no debt.During the half its executed transaction processing agreements with 12 partners, including a merchant acquiring deal with Alipay, payment processing for Freight Lounge (a freight forwarding network) and payment of Australian bills for Bank of Shanghai.In November, Novatti applied for a restricted authorised deposit-taking institution licence. Its plan is to establish a specialist "migrant services bank". The company's banking division is headed by former ANZ and Australia Post executive Guy Carvalho.Novatti's business includes billing software, payments processing partnerships, prepaid cards, digital wallets, bill payments, remittance and blockchain remittance. It has been operating since 1996 and was listed on the ASX in 2016. It claims to have 100,000 remittance and payments customers through partner arrangements, with three million transactions processed on its platform each day.The company says a number of its products and services have appeal for the migrant community, including Vasco prepaid cards, inbound and outbound remittance, and cross border payments."We will create an ecosystem of thousands of like-minded consumers and trusted service providers, engaging, sharing and helping each other, removing the angst of the unknown. We aspire to be migrants' community bank," Carvalho has said.In the 2017/18 financial year it reported revenue of $6.4 million and a loss before interest and tax of $2 million.