On May 2, NovaPay International Financial Service (NovaPay TM) will launch a public offering of the 10th series of bonds – Series J – with a total nominal amount of UAH 100 million of its subsidiary NovaPay Credit LLC, which will be used by the issuer in its bond repurchase program, which is an alternative to deposits.
According to the website of the National Securities and Stock Market Commission (NSSMC), it registered the issue and approved the prospectus of the J series bonds on April 25.
According to the prospectus, the bonds are issued for a term of three years, the nominal interest rate has been increased to 18% p.a. from 17% p.a. in previous series, and interest income is paid at the end of the circulation period.
The placement price was set at the par value of UAH 1 thousand per bond.
Univer Capital LLC was appointed as the administrator of the J series bonds, as well as the previous ones.
“The funds raised as a result of the bond issue through a public offering are planned to be used in the following areas: credit operations for legal entities – 20% of the actual funds raised; credit operations for individuals – 80% of the actual funds raised,” the prospectus says.
As reported, in 2023, NovaPay made three public issues of interest-bearing bonds of series A, B, and C for UAH 100 million each, and last year issued six more series of bonds – D, E, F, G, H, and I. In particular, in October-December 2024, three series of bonds – “G”, “H” and “I” – were placed for a total amount of UAH 290 million, which increased the total amount of the company’s securities in circulation to UAH 890 million.
Securities of all series, except for “B” and “I”, are used for the repurchase program and are available for purchase in the NovaPay mobile application, while “B” and “I” bonds are offered for sale to institutional clients, with interest income paid quarterly.
According to the prospectuses, the last three series of bonds have a three-year maturity. The nominal interest rate on them is 17% per annum, while for the three previous issues it was 18%.
NovaPay, which promotes most of its bonds as an alternative to bank deposits through a one- to 12-month repurchase scheme. Since April 17, the company has slightly raised interest rates on them: now they range from 10% per month to 19% per year, and a new investment term of four months at a rate of 17.5% per annum has been added.
NovaPay is an international financial service founded in 2001. It is part of the Nova group and provides online and offline financial services at Nova Poshta offices. It was the first non-bank financial institution in Ukraine to receive an expanded NBU license in 2023, which allowed it to open accounts and issue cards, and the first non-bank to launch its own financial application at the end of last year.
According to the prospectus, NovaPay Credit plans to increase its interest income to UAH 802.1 million this year, and to UAH 1 billion 515.1 million next year, and to generate UAH 518.9 million and UAH 1 billion 30.6 million in net profit, respectively.
Last year, the company’s net profit increased to UAH 89.2 million from UAH 40.3 million a year earlier, while revenue grew to UAH 285.6 million from UAH 95.6 million.
In January-March 2025, the international financial service NovaPay (TM NovaPay) increased the number of transfers by 10% compared to the same period in 2024 – up to 106 million, its press service reported.
According to the press service of NovaPay on Tuesday, budget payments during this period increased by 23% to UAH 408 million.
In January-March 2025, transactions worth almost UAH 83 billion were processed through the system, which is 25% more than last year.
“We are developing existing products and introducing new ones, serving customers and increasing business volumes. This allows us to continue to support the country’s economy, fulfilling our obligations to the state and ensuring the stability of the financial system,” the press service quoted NovaPay CEO Andriy Krivoshapko as saying.
According to him, the total investment in the victory amounted to UAH 138.1 million.
NovaPay is an international financial service that is part of the NOVA group of companies (Nova Poshta). It provides online and offline payment services at more than 3,600 Nova Poshta outlets.
International financial service NovaPay (TM NovaPay) plans to publicly place 10 series – J – bonds issued by its subsidiary NovaPay Credit LLC with a total nominal amount of UAH 100 million, which will bring the company’s bonds in circulation to UAH 990 million.
As the issuer reported in the National Securities and Stock Market Commission’s (NSSMC) disclosure system, the relevant decision was made by the general meeting of the company’s shareholders on March 5.
The face value of the bonds is UAH 1 thousand, and there is no information on other terms of the J series.
“The funds raised as a result of the bond issue through a public offering are planned to be used in the following areas: credit operations for legal entities – 20% of the actual funds raised; credit operations for individuals – 80% of the actual funds raised,” the announcement traditionally states.
As reported, in 2023, NovaPay made three public issues of interest-bearing bonds of series A, B, and C for UAH 100 million each, and last year issued six more series of bonds – D, E, F, G, H, and I. In particular, in October-December 2024, three series of bonds – G, H and I – were placed for a total amount of UAH 290 million, which increased the total amount of the company’s securities in circulation to UAH 890 million. G and H series securities of UAH 100 million each are available for purchase via the NovaPay mobile application, while I series bonds of UAH 90 million are offered for sale to institutional clients.
On Thursday, the company reported that about 4.3 thousand Ukrainians have purchased NovaPay bonds totaling about UAH 1.2 billion, while at the beginning of the year it reported more than 3 thousand customers and UAH 740 million, and in mid-October 2024 – 2.6 thousand customers and UAH 600 million.
According to the prospectuses, the bonds of the last three series were issued for three years. The nominal interest rate on these bonds is 17% per annum, while for the previous three series it was 18%. The interest income on the G and H series bonds is scheduled to be paid at the end of the maturity period, while the I series bonds are to be paid quarterly, and the interest rate is currently set for the first year of circulation.
NovaPay, which promotes most of its bonds as an alternative to bank deposits through a one- to 12-month repurchase scheme, declares interest rates of up to 18% per annum.
According to the Standard Rating agency, the value of NovaPay Credit’s loan portfolio in the first nine months of 2024 increased by 53.4% to UAH 639.11 million, the number of loan agreements doubled to 90.41 thousand, the share of loans overdue for more than 90 days increased from 0.86% to 3.57%, and the effective interest rate on the loan portfolio increased from 44.69% to 58.55%.
The company’s revenue from sales in January-September 2024 increased by 2.9 times to UAH 170 million, net profit – by 84.9% to UAH 55.3 million, and equity – by 20.9% to UAH 319.1 million.
NovaPay is an international financial service founded in 2001. It is part of the Nova group and provides financial services online and offline 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.
The international financial service NovaPay (TM NovaPay) issued UAH 1.7 billion in loans in 2024, the company’s press service reports.
“2024 was a period of active development of the lending business for NovaPay. During this time, the company launched new loan products – installment plans and loans for business, and the total amount of loans issued amounted to UAH 1.7 billion,” the press service of NovaPay said on Tuesday.
In particular, the amount of loans issued last year to small and medium-sized businesses amounted to UAH 281.4 million. Since the launch of the installment service in July 2024, 97 thousand loans for UAH 600 million have been issued. The average installment check amounted to UAH 6.2 thousand, the press service said.
Last year, 123 thousand transactions for UAH 746 million were executed as part of the Parcel on Credit service. The average check amounted to UAH 6 thousand.
“In 2025, NovaPay will expand lending opportunities by launching new loan products for Ukrainians and businesses, the company assured.
Earlier it was reported that the number of customers using the mobile application of the international financial service NovaPay (TM NovaPay) has reached half a million since its launch on December 13, 2023,
NovaPay was founded in 2001 as an international financial service that is part of the Nova group and provides online and offline financial services at Nova Poshta offices. The company provides online and offline payment services in more than 3.6 thousand Nova Poshta outlets 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.
The international financial service NovaPay (TM NovaPay) for 9 months. 2024 has doubled the number of its own POS-terminals in Nova Poshta offices, bringing their number to 5,790 devices, the service’s press service reports.
“NovaPay is expanding its terminal fleet. In nine months, NovaPay has doubled the number of its own POS terminals in Nova Poshta offices, bringing their number to 5,790 devices,” the service’s press service said on Thursday.
Currently, 60% of all POS-terminals installed in Nova Poshta offices are from NovaPay. Each branch has at least one of the financial service’s own terminals, the press service said.
“A few years ago, we decided to invest in creating our own network of POS terminals. We keep a high pace of terminal fleet development and have already seen noticeable results. The customer service time has decreased from 22 to 13 seconds, and the number of failures has decreased. And most importantly, we are less dependent on third-party providers,” the press service quoted Alexey Ruban, NovaPay’s Chief Innovation Officer, as saying.
According to him, by building its own network of POS terminals in the country, the company was able to optimize processes and significantly save on commissions, directing the saved funds to further develop products and offers for customers.
By the end of 2025, NovaPay plans to increase the number of POS terminals by another 2.5 thousand and enter the open market.
Earlier it was reported that NovaPay made 418 million transfers in 2024, 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.
“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.
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.
