Business news from Ukraine

Amount of transfers in NovaPay increased by 26%, number of transactions – by 17%

24 July , 2024  

The amount of transfers through the international financial service NovaPay in January-June 2024 reached UAH 136.6 billion, which is 26% more than in the same period of 2023, the company’s press service reports.
It is noted that in January-June this year, 193 million transactions were made through the NovaPay system, which is 17% more than in the first half of last year.
According to the release, the company transferred UAH 530 million to the country’s budget, which is 13% more than in the first half of 2013, and assistance to the Armed Forces amounted to UAH 3 million.
It is noted that the most popular services of NovaPay, in addition to traditional transfers, were card replenishment operations, cash withdrawals, and utility bills.
NovaPay is an international financial service founded in 2001 that is part of the Nova group and provides online and offline financial services at Nova Poshta offices. According to its website, the company employs about 13 thousand people in more than 3.6 thousand Nova Poshta offices across Ukraine. According to the National Bank of Ukraine, the company accounts for 35% of the total volume of domestic money transfers.
In 2023, the consolidated revenue of NovaPay non-banking financial group increased by 46.4% to UAH 7 billion 617.91 million, and net profit by 38.3% to UAH 3 billion 267.13 million.