Business news from Ukraine

Business news from Ukraine

NovaPay Increased Transfer Volume by 53% in First Quarter

28 April , 2026  

NovaPay (TM NovaPay), the international financial service from the Nova Group, increased its transfer volume by 53% in the first quarter of 2026 compared to the same period in 2025—to over 200 billion UAH, while the number of transactions rose by 12% to 126 million, according to a company statement on Monday.

“The first quarter confirmed that NovaPay is confidently scaling alongside customer needs. A particular focus is on the development of digital payments and tools for entrepreneurs that allow them to manage their finances without unnecessary barriers,” the release quotes acting CEO of NovaPay Ihor Prykhodko as saying.

It is noted that in January–March 2026, the company transferred approximately 540 million UAH to the state budget, which is 32% more than in the same period of 2025.

As reported, in 2025, NovaPay increased its revenue by 10.4% to UAH 10.01 billion, while its net profit decreased by 22% to UAH 2.58 billion.

NovaPay was founded in 2001 as an international financial service, part of the Nova Group (“Nova Poshta”), providing financial services both online and offline at Nova Poshta branches.

According to information on its website, the company employs approximately 13,000 people across more than 3,600 Nova Poshta branches throughout Ukraine.

According to the National Bank of Ukraine, the company accounts for approximately 22.7% of the total volume of domestic money transfers.

In 2023, NovaPay became the first non-bank financial institution in Ukraine to receive an expanded license from the NBU, which allowed it to open accounts and issue cards, and in late 2025, it became the first non-bank to launch its own financial app offering a wide range of financial services.

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