In January-September, NovaPay international financial service (TM NovaPay) increased the volume of transactions by 16% compared to the same period last year, up to UAH 292 million.
According to the press service of NovaPay on Monday, the volume of money transfers in the system increased by 29% to UAH 213.7 billion over 9 months.
“The growth of our business performance was made possible by several key factors. Firstly, we are developing our own mobile application, the convenience and benefits of which have already been appreciated by more than 300 thousand Ukrainian users and more than 20 thousand business clients. Secondly, consumers are increasingly preferring online shopping: sellers send goods and buyers receive them via Nova Poshta. And we provide easy and profitable payment solutions for businesses and Ukrainians,” the press service of NovaPay quoted Ihor Prykhodko, the company’s CFO, as saying.
NovaPay reports that it has seen an increase in customer demand for services for replenishing and withdrawing cash from NovaPay cards at Nova Poshta offices, as well as cash on delivery services for goods delivered by Nova Poshta.
It is reported that in the first 9 months of the year, NovaPay increased its tax deductions by 22% to UAH 4.5 million.
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 13,000 people in more than 3,500 Nova Poshta offices across Ukraine. According to the National Bank of Ukraine, the company accounts for about 35% of the total volume of domestic money transfers.
In 2023, NovaPay was the first non-bank financial institution in Ukraine to receive an extended NBU license, which allowed it to open accounts and issue cards, and was the first non-bank to launch its own financial application with a wide range of financial services at the end of last year.
In the second quarter of this year, the number of active NovaPay payment cards increased from 82.48 thousand to 151.85 thousand, which allowed the service to bypass Kredobank and Pivdenny Bank and come close to the top twenty market leaders.
The total number of active cards in Ukraine in the second quarter decreased from 52 million 738.88 thousand to 52 million 653.61 thousand. The leader, state-owned Privatbank, saw a slight decrease – from 28 million 163.33 thousand to 28 million 163.14 thousand, while the state-owned Oschadbank, which is in third place, had a more significant decline – from 7 million 631.25 thousand to 7 million 346.02 thousand. At the same time, monobank continued to strengthen its second position in the market: the number of its active cards increased from 8 million 446.74 thousand to 8 million 716.85 thousand.
Corporate bonds of NovaPay, a non-bank financial institution that is part of the Nova Group, have been purchased by about 2,000 Ukrainians for UAH 365.5 million through the company’s app in the four months since their placement, the company’s press service said on Thursday.
“Under the agreements that have already expired, customers have already been paid UAH 255.1 million. Most often, clients prefer medium-term bonds. 56% of clients invest in bonds repeatedly,” CFO Igor Prikhodko said in a release on Thursday.
As reported, on February 20, NovaPay announced the start of bond sales. It was noted that they can be purchased for a period of 1 to 12 months for the amount of UAH 1000. The interest rate for investments for one, two and three months was 16% per annum, six months – 17% per annum and 12 months – 18% per annum. The issuer stated that it intends to actively use the bonds in repurchase agreements for a period of one month to one year, creating a convenient alternative to deposits, and to launch their secondary market.
According to NovaPay’s latest release, 75% of bond investors are men, 25% are women, the average age is 37, and the oldest investor was 75. The average check for transactions through the app is UAH 41 thousand.
Currently, the investment rate for a month has been reduced to 13% per annum, for 2 months – to 14%, for 3 months – to 16%, for 6 and 12 months – to 16.5% per annum.
In 2023, NovaPay registered three public issues of interest-bearing bonds of series A, B, and C for UAH 100 million each. In 2024, the company issued three more issues of such securities – series D, E and F. The rating agency Standard-Rating assigned them a credit rating of uaAA.
Founded in 2001, NovaPay is an international financial service 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.
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.
Cardholders of the international financial service NovaPay can receive salaries from any Ukrainian employer on their cards, the NovaPay press service said on Tuesday.
“You can do this in the application – create a paper or electronic application for receiving a salary on a NovaPay card and send it to the company’s accountant,” the company said in a statement.
It is noted that the application fills in the necessary fields, including information about the employer, while other personal data is automatically pulled into the application, after which it remains to form an electronic application and sign it using “Diya. Signature”.
Among the advantages of the NovaPay card, the company calls a 20% discount on Nova Poshta delivery services, transfers without restrictions up to UAH 50 thousand and the possibility of buying NovaPay bonds.
As reported, at the end of 2023, NovaPay was the first non-bank financial institution in Ukraine to receive an extended NBU license, which allowed it to open accounts and issue cards. In January-February of this year, the company increased the number of payment cards sixfold to 78 thousand, including a fivefold increase in the number of active cards to 43.8 thousand.
The total number of transfers and transactions through NovaPay in Q1 2014 increased by 18% and 24% to 96 million and 66.1 billion, respectively.
Founded in 2001, NovaPay is an international financial service 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.
NovaPay, a financial company of the Nova group of companies, has installed 2.8 thousand of its own POS terminals in 1.9 thousand Nova Poshta offices across Ukraine, except for the temporarily occupied territories, the company said in a statement on Tuesday.
“Our goal is to provide all Nova Poshta branches with NovaPay POS terminals,” the release quotes NovaPay Chief Innovation Officer Oleksiy Ruban as saying.
According to him, the installation of its own POS terminals increases the speed and security of service, and also allows you to quickly resolve problematic issues in case of equipment failures and not to seek help from partner banks.
At the beginning of this year, Nova Poshta’s network in Ukraine consisted of 11.46 thousand branches and 15.59 thousand post offices in more than 10 thousand settlements throughout Ukraine.
As reported, NovaPay plans to install 10 thousand POS terminals in Ukraine by 2025.
NovaPay is an international financial service founded in 2001, part of the Nova group, which 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.
The total number of transactions through NovaPay in 2023 reached 354 million, which is 31% more than in the previous year, and their amount increased by 41% to UAH 235.5 billion.
The total number of transactions through the international financial service system NovaPay, part of the NOVA group of companies, reached 354 million in 2023, up 31% year-on-year, and their value increased by 41% to UAH 235.5 billion, NovaPay said on Wednesday.
“In 2023, the company received an expanded NBU license, which allows it to provide more services to customers, and launched a beta version of the mobile application. All of this is to be even faster and more convenient for customers,” commented Igor Prikhodko, CFO of NovaPay.
It is noted that the company recorded an increase in the share of non-cash payments from 50.1% in 2022 to 53.4% in 2023.
According to NovaPay, the list of the most popular services, in addition to traditional transfers, also includes utility bills, card replenishment and cash withdrawals, and international transfers as aid for Ukrainians.
It is noted that in 2023, NovaPay transferred UAH 1.2 billion to the country’s budget, which is 44% more than in 2022.
NovaPay has been providing online and offline payment services for almost 12 years, currently in more than 3.5 thousand Nova Poshta branches. According to the NBU, the company accounts for 35% of the total volume of domestic money transfers.
