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.
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.
