Business news from Ukraine

Business news from Ukraine

NovaPay increased volume of transfers by 31% in 2024

4 February , 2025  

In 2024, NovaPay international financial service (TM NovaPay) completed 418 million transfers, which is 18% more than in 2023.

According to the press service of NovaPay on Tuesday, the total volume of transfers through the system in 2024 reached UAH 308.5 billion, which is 31% more than in 2023.

In addition, charitable foundations made 1.5 thousand transfers through NovaPay for UAH 32.5 million.

“We are proud that even in today’s challenges we can grow steadily, support the economy and set new records. This is the result of well-coordinated teamwork and the trust of our customers and partners. We continue to innovate to provide the best financial services,” Andriy Kryvoshapko, CEO of NovaPay, was quoted as saying by the company’s press service.

In 2024, NovaPay set a record by completing 2.57 million transactions in one day. The maximum processing speed reached 65 transactions per second.

In addition, in 2024, NovaPay transferred about UAH 1.5 billion to the country’s budget, 23% more than in 2023.

NovaPay has invested UAH 5.9 million in Ukraine’s victory, which is another important step towards a common goal, the service’s press service reports.

“NovaPay (TM NovaPay) is an international financial service that is part of the NOVA group of companies and has been providing online and offline payment services in more than 3,600 Nova Poshta branches for over 12 years. The service was the first non-bank financial institution in Ukraine to receive an extended license from the NBU, which allowed it to open accounts and issue cards.

According to the National Bank of Ukraine, as of December 1, 2024, NovaPay LLC issued 449.11 thousand payment cards, of which 123.34 thousand were active (at least one transaction in November). With a share of 0.22%, the company ranked 17th in the market, but still lags far behind the leaders PrivatBank (29.28 million) and mono (9.86 million active cards). At the same time, at the beginning of 2024, NovaPay issued only 13 thousand cards.

In addition, the company had 10.71 thousand installed payment terminals at the beginning of December, compared to 3.43 thousand at the beginning of the year, and installed the first 10 self-service devices. In terms of the number of payment terminals, NovaPay with a 2.1% share overtook Ukrposhta with its 1.4% share and ranked fifth in the market, where the undisputed leader is PrivatBank with a 60.7% share.