The volume of transfers via the international financial service “NovaPay” (TM NovaPay) for January–September 2026 increased by 36% compared to the same period in 2025, reaching 598.7 billion UAH, according to a company statement released on Monday.
According to the statement, the number of transfers increased by 12% to 388 million.
“The results for the first nine months confirm that our solutions are becoming increasingly in demand, and customers are making more active use of digital financial tools. It is important for us not only to increase transaction volumes but also to continuously improve the customer experience by offering new opportunities and convenient solutions,” NovaPay CEO Igor Prykhodko is quoted as saying in the press release.
The financial service noted that the company paid 1.47 billion UAH in taxes and fees over the first nine months of this year, which is 32% more than in the same period last year.
As previously reported, in the first half of 2026, NovaPay increased the volume of transfers by 41% compared to the same period in 2025—to 391 billion hryvnias—while the number of transfers rose by 12%—to 258 million.
NovaPay was founded in 2001 as an international financial service, part of the Nova Group (“Nova Poshta”), and provides financial services both online and offline at “Nova Poshta” branches. In 2023, the company 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; it was also the first non-bank to launch its own financial app with a wide range of financial services at the end of last year.
According to the National Bank of Ukraine, the company accounts for approximately 22.7% of the total volume of domestic money transfers.
The number of successful electronic user identifications via the National Bank of Ukraine’s (NBU) BankID system rose to 33.2 million in the third quarter of 2026, a 19.9% increase compared to the same period last year, when there were 27.7 million, the regulator reported.
According to the National Bank, compared to the second quarter of 2026, the number of identifications increased by 1%, and on average, approximately 360,000 identifications were carried out through the system per day.
In the third quarter, the “Army+” mobile app was directly integrated with BankID, simplifying the authorization process for military personnel. The “112 Ukraine” app for contacting emergency services, the “My Passport Service” app for passport services, and Igor Sikorsky Kyiv Polytechnic Institute (KPI) for access to the university’s internal services have also joined the system.
In addition, three microcredit providers have joined BankID: “Terra Credit” Financial Company LLC, “Credit to You” LLC, and “Mega Credit” Financial Company LLC, which will use the system for remote identification when issuing online loans.
Currently, the NBU’s BankID system comprises 37 subscriber-identifiers and 120 subscriber-service providers.
According to Fixygen, the British fintech company Revolut, whose private valuation has reached $115 billion, is considering the United States as the primary market for its upcoming initial public offering (IPO). The company is open to a simultaneous listing in New York and London, but is prioritizing the U.S. stock market due to its greater liquidity and access to international investors.
Revolut founder and CEO Nick Storonsky confirmed in an interview with Bloomberg TV that the company is interested in conducting its primary listing in the U.S. if it decides to go public.
“This has always been our goal, given the high liquidity of the U.S. market,” Storonsky said.
Previously, Revolut’s management had considered a dual listing on the U.S. Nasdaq and the London Stock Exchange. The new statement clarifies the company’s priority but does not signify a definitive rejection of the British trading platform.
At the same time, an IPO is not expected before 2028. Storonsky had already mentioned these tentative timelines back in April 2026, noting that public company status could help boost customer and investor confidence in the financial institution.
The decision regarding the future offering will depend on market conditions, the company’s financial performance, and compliance with regulatory requirements.
In July 2026, Revolut launched a secondary sale of shares held by employees and early investors, in which the company was valued at $115 billion. According to Reuters, the price per share was $2,017.
The new valuation exceeded the November 2025 figure by more than 50%, when Revolut was valued at $75 billion following a similar transaction.
Thus, in just eight months, the company’s private valuation increased by approximately $40 billion.
At this valuation, Revolut surpassed the market capitalization of a number of major European financial groups, including Britain’s Barclays and France’s Société Générale, based on figures at the time of the transaction.
At the same time, a private company’s valuation is not equivalent to its market capitalization. During an IPO, the final share price will be determined by investor demand and the business’s financial prospects.
The move into the U.S. stock market is linked to Revolut’s plans to significantly expand its banking operations in the United States.
On September 3, 2026, the company announced that it had received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish Revolut Bank US, a national bank.
To fully launch the banking institution, the company still needs to complete the approval process with the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve System, and the OCC.
Revolut expects to meet the necessary requirements and launch its U.S. bank in 2027.
Once it receives final approvals, the company plans to offer U.S. customers deposit accounts, credit cards, consumer loans, and other banking products.
According to Storonsky, Revolut intends to compete in the U.S. market with major financial institutions, including JPMorgan Chase and American Express.
The transition to a full-fledged banking model will allow the company to diversify its revenue streams by expanding lending and attracting deposits. At the same time, expanding the lending business will require additional investments in capital, risk management, and compliance with banking regulations.
Throughout 2026, Revolut also achieved significant milestones in the development of its European banking business.
On March 11, the British regulator, the Prudential Regulation Authority, allowed Revolut Bank UK Ltd to complete the transitional licensing phase and begin full-fledged banking operations in the United Kingdom.
The company gained the ability to offer bank accounts with deposit protection through the UK’s Financial Services Compensation Scheme (FSCS). At the time of the announcement, Revolut had approximately 13 million customers in the UK.
On August 10, 2026, Revolut received a full banking license in France following approval from the French regulator ACPR and the European Central Bank.
The company also plans to invest over €1 billion in business development in Western Europe. In particular, the company plans to open a new regional office in Paris in early 2027.
According to Revolut, as of September 2026, the company had more than 80 million customers worldwide.
The prospect of one of Europe’s most valuable fintech companies going public on a U.S. stock exchange is significant for the British financial market. London is competing with New York to attract large technology companies seeking access to a broad base of institutional and retail investors.
For Revolut, the advantage of the U.S. lies not only in the liquidity of the stock market but also in the opportunity to expand its presence in the world’s largest financial services market.
At the same time, with a dual listing, the company will be able to maintain its presence on the London Stock Exchange, even if the bulk of trading in its shares takes place in the U.S.
Revolut was founded in 2015 by Nick Storonsky and Vlad Yatsenko. The company began as a mobile app for currency transactions and international payments, and later expanded its range of services to include bank accounts, payment cards, international money transfers, investment instruments, cryptocurrency transactions, and financial products for businesses. The company is headquartered in London.
Circle Internet Group, a U.S. fintech company and issuer of the USDC stablecoin, intends to expand its operations into approximately 40 emerging markets, banking on growing demand for digital payments and dollar-pegged stablecoins, according to Fixygen.
As Circle Chairman and CEO Jeremy Allaire told Reuters on October 16, 2026, the company views Southeast Asia, Latin America, Africa, and the Middle East as priority regions for international expansion.
According to him, the blockchain industry is transitioning from the initial stage of technology adoption to widespread commercial application. The main sources of demand are cross-border payments, international trade, corporate settlements, and financial services for consumers.
To strengthen its position in new markets, Circle previously entered into an agreement to acquire the Singapore-based payment company Tazapay for approximately $400 million. The deal, announced on September 8, provides access to an international payments infrastructure covering more than 100 markets and over 60 banking and fintech partners.
According to Circle, Tazapay’s annual payment volume, based on current growth rates, exceeds $25 billion, with about 60% of transactions already involving stablecoins.
The acquisition is expected to close in 2027, following the receipt of the necessary regulatory approvals.
In addition, on September 22, Circle announced an expansion of its partnership with the cryptocurrency exchange Binance, which invested $100 million in the company. The parties signed a new five-year agreement to expand the adoption of USDC, primarily in developing countries.
According to Reuters, as of the end of the second quarter of 2026, the amount of USDC in circulation had grown by 19% year-over-year, reaching $73.3 billion.
Circle controls approximately one-quarter of the global stablecoin market, trailing its main competitor, Tether, which holds a market share of about 60%.
The company is also developing its own blockchain infrastructure, Arc, designed for corporate settlements, the tokenization of financial assets, and international payments.
Financial institutions participating in the development and use of the Arc infrastructure include BlackRock, Visa, and Standard Chartered.
The expansion of the stablecoin market is supported by the gradual development of a regulatory framework. In the U.S., the GENIUS Act has been passed, regulating the issuance of payment stablecoins. Its main provisions are set to take effect in 2027.
At the same time, competition is growing from traditional banks, which are developing their own digital payment instruments and tokenized deposit infrastructure.
According to market participants, the expansion of stablecoin use could significantly change the structure of international payments by reducing transaction times and decreasing reliance on traditional correspondent banking networks.
Circle Internet Group is an American publicly traded fintech company founded in 2013. It specializes in developing blockchain-based payment infrastructure and issuing the digital currencies USDC and EURC. The company’s shares are listed on the New York Stock Exchange under the ticker symbol CRCL.
Sense Bank was the first in the Ukrainian banking market to launch a bundled subscription service, which allows customers to combine several digital services into a single package and pay for them at a single price.
Inna Tyutyun, a member of the management board and director of IT, retail and payment business, and digitalization at Sense Bank, discussed the results of the launch of this new initiative during the FinRetail conference in Kyiv.
According to her, the subscription model is changing the bank’s role: instead of being a traditional payment intermediary, it is becoming part of an ecosystem that connects customers and partner services. For the bank, this means the opportunity to generate regular, recurring revenue; for retailers, it means lowering the cost of customer acquisition and extending the duration of customer engagement; and for users, it means saving money on services they use regularly.
“Today’s consumer seeks convenience and predictable value. A subscription is a tool that breaks down the psychological barrier to repeat purchases and allows a bank to invest in a customer relationship once, while remaining useful to the customer for years to come,” noted Tyutyun.
Sense Bank believes that this model creates a closed-loop loyalty ecosystem: the bank drives customer traffic, partners offer special terms, and users receive long-term benefits within a single digital space.
The service is available in the Sense SuperApp. The bank offers three package tiers: Small, Medium, and Full. Customers can customize their own set of services and choose only those they actually use.
Packages can combine transportation, streaming, entertainment, and other digital services, as well as security solutions.
The main advantage of this model is the cost of the bundle. According to the bank, a single package costs the customer less than purchasing each subscription separately.
Going forward, Sense Bank plans to expand its partner network, enhance the personalization of its offerings, and scale its subscription banking model.
The bank expects this format to be particularly in demand amid rising costs of digital services and users’ desire to better control their recurring expenses.
Sense Bank has been a state-owned bank in Ukraine since July 2023. 100% of its shares are owned by the Ukrainian government, represented by the Cabinet of Ministers. The bank is included in the NBU’s list of systemically important banks. Previously, the bank operated under the name Alfa-Bank Ukraine.
Learn more about Sense Bank’s subscription packages.
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The loan portfolio of the international financial service “NovaPay” (TM NovaPay), part of the Nova Group, reached 2.6 billion UAH, up from 2 billion UAH as of February 18 of this year, the company reported in a press release on its website.
According to the release, credit cards have become the most significant loan product in terms of portfolio volume: since February, the portfolio has grown by 61.3%—to 1 billion UAH—while installment loans grew by only 11%, to 925 million UAH.
As for the “Parcel on Credit” service portfolio, it decreased by 29% to 206 million hryvnia, while the remainder of the portfolio consists of loans for entrepreneurs, including financing for e-commerce and partners of the NOVA group of companies.
According to the company, approximately 50,000 new customers have used its credit products over the past 12 months.
“Approximately 140,000 customers have already used NovaPay’s credit products since the company began operations. At the same time, 40% of active borrowers use two or more credit products, and about 42% of customers take out repeat loans,” said Bogdan Gryvko, CEO of NovaPay Credit, as quoted in the press release.
The financial service specified that the average consumer loan amount is 5,000 UAH, while the average credit card limit is 27,500 UAH, and the average loan amount for sole proprietors in e-commerce is 422,000 UAH.
NovaPay was founded in 2001 as an international financial service that is part of the Nova Group (“Nova Poshta”) and provides financial services both online and offline at “Nova Poshta” branches.
In 2023, the company became the first non-bank financial institution in Ukraine to receive an expanded license from the National Bank of Ukraine (NBU), which allowed it to open accounts and issue cards; it was also the first non-bank to launch its own financial app with a wide range of financial services at the end of last year.
According to the results of the first half of 2026, “NovaPay Credit” increased its net profit 3.2 times compared to the same period in 2025—to 172.01 million UAH—and its revenue 2.2 times, to 586.42 million UAH.
The company’s equity as of the end of June stood at 688.5 million UAH, compared to 516.5 million UAH at the beginning of the year, while liabilities totaled 1.69 billion UAH, compared to 1.37 billion UAH.
