NovaPay EU UAB (Lithuania), part of the leading Ukrainian financial service NoivaPay, together with its partner, the Polish payment institution Quicko sp. z o.o., has launched a European version of its financial app for customers in Europe.
“NovaPay EU announces the launch of its own European mobile application, created for Ukrainians and Europeans… From now on, users across the EU can download the NovaPay Mob mobile app and access payment services: open accounts in euros and zlotys, receive cards, make payments and transfers, and withdraw cash from ATMs,” the company said in a statement on Tuesday.
It is noted that the NovaPay app can be used from any EU country, but Poland is one of the most interesting markets, as many Ukrainians currently live there.
The company told the Interfax-Ukraine news agency that NovaPay’s European division is a separate business with its own team and legal entity, but it also operates under the NovaPay brand.
“The company is registered in Lithuania, but shares the same values: reliability, ease, and speed of financial services. Thanks to NovaPay EU’s launch partner, Quicko, a company that provides payment services and is licensed by the KNF, the launch took place as quickly as possible. Obtaining its own license in the EU remains part of NovaPay EU’s long-term plans,” the company said.
It is noted that the application was created primarily for Ukrainians abroad: today, more than 4.2 million Ukrainians are in the EU under temporary protection, of which almost 1 million are in Poland.
According to the release, in Ukraine, the parent company NovaPay, which is part of the NOVA group of companies (Nova Poshta), is one of the market leaders and currently serves about 800,000 customers—in the app, online, and offline. In Ukraine, NovaPay became the first non-bank financial institution to receive a license from the NBU to open accounts, issue cards, and launch its own non-bank payment app.
NovaPay EU UAB was established in 2022 as the European brand of NovaPay, part of the NOVA group. The company does not currently have a license and does not provide financial services in the EU.
Quicko sp. z o.o. was founded in 2009 and is a certified national payment institution regulated by the Polish Financial Supervision Authority (KNF). Quicko is licensed by Mastercard Principal Member to issue cards and offers card issuance solutions through a multifunctional wallet, SDK, and API services for businesses and individuals across the European Economic Area.
The international financial service NovaPay (TM NovaPay) has registered the issue of Series K bonds with a total nominal value of UAH 100 million and a maturity date of August 6, 2028, which is the third issue for institutional investors, according to a press release issued by the company on Thursday.
According to the press release, the issuer is again NovaPay’s subsidiary, NovaPay Credit LLC, with interest payments to be made quarterly at a nominal rate of 18% per annum.
The company recalled that it had already sold bonds of series “C” and “I” among institutional investors for UAH 190 million.
Prior to this, NovaPay issued nine series of bonds between 2023 and 2024, and in 2025, it issued the 10th series and has already announced the issue of the 12th series, series L, also with a total nominal value of UAH 100 million. However, securities of all series, except for three, are used for REPO operations as an alternative to bank deposits and are available for purchase in the NovaPay mobile application.
NovaPay was founded in 2001 as an international financial service, part of the Nova group (“Nova Poshta”), and provides online and offline financial services at Nova Poshta branches. According to the website, the company employs about 13,000 people in more than 3,600 Nova Poshta branches throughout Ukraine. According to the National Bank of Ukraine, the company accounts for about 35% of the total volume of domestic money transfers.
NovaPay was the first non-bank financial institution in Ukraine to receive an extended license from the NBU in 2023, which allowed it to open accounts and issue cards, and was also the first among non-banks to launch its own financial application with a wide range of financial services 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 earn UAH 518.9 million and UAH 1 billion 30.6 million in net profit, respectively.
Last year, the company’s net profit grew to UAH 89.2 million from UAH 40.3 million a year earlier, with revenue growing to UAH 285.6 million from UAH 95.6 million.
The loan portfolio of the international financial service NovaPay (TM NovaPay) has grown by 60% since the beginning of the year and reached UAH 1.35 billion as of early August, the company said on Wednesday.
“More than 50,000 customers have active loans, more than 85% of which are consumer loans. Our portfolio has grown by 60% since the beginning of the year,” said Bogdan Gryvko, NovaPay’s risk management director, in a press release.
The company added that customers most often choose installment plans for their loans: the portfolio for this product amounts to UAH 607 million.
In addition to installment plans, UAH 232 million in the portfolio consists of customer obligations on credit cards, the number of which has reached 30,000 since the launch in May, according to the release.
As NovaPay reminded, since last summer, the company has been lending to sole proprietors and businesses, with more than 250 customers already taking out loans worth UAH 144 million.
As reported, NovaPay issued UAH 1.7 billion in loans in 2024. 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 installment services in July 2024, 97,000 loans totaling UAH 600 million were issued by the end of last year. 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 branches.
It was the first non-bank financial institution in Ukraine to receive an extended license from the NBU in 2023, which allowed it to open accounts and issue cards, and was also the first non-bank to launch its own financial app at the end of last year.
According to YouControl, NovaPay’s revenue in the first half of this year grew by 9.3% to UAH 4.53975 billion, while net profit fell by 42.1% to UAH 966.98 million.
Loan services are also provided by a subsidiary, NovaPay Credit, which actively raises money through bond placements. According to reports on its website, NovaPay Credit increased its net profit in the first half of this year by 52.2% compared to the first half of last year, to UAH 53.92 million, with revenue growing 2.7 times, to UAH 260.36 million.
Bonds of the international financial service NovaPay (TM NovaPay, issued by NovaPay Credit LLC) were purchased by 5,900 Ukrainians for a total amount of UAH 1.7 billion, the company announced on Tuesday. On May 8, it reported that as of April, there were more than 4,800 investors with a total investment of over UAH 1.3 billion.
According to NovaPay’s press release on Tuesday, 80% of purchases in the app are investments of up to UAH 50,000.
In early March this year, the company reported that about 4,300 Ukrainians had purchased its bonds for a total of about UAH 1.2 billion, while at the beginning of the year it reported more than 3,000 customers and UAH 740 million, and in mid-October 2024 – about 2,600 customers and UAH 600 million.
As reported, in 2023, NovaPay made three public issues of interest-bearing bonds of series “A”, “B” and “C”, and last year issued six more series of bonds – “D”, “E”, “F”, “G”, ‘H’ and “I”, and this year – another series “J”, all worth UAH 100 million. This year, the company also decided to issue two more series – ‘K’ and “L” with a total nominal value of UAH 100 million. Traditionally, the funds raised are planned to be used for lending operations to individuals and legal entities – 80% and 20%, respectively.
Securities of all series, except for “B” and “I,” are used for repo operations as an alternative to bank deposits, They are available for purchase in the NovaPay mobile app, while bonds of series “B” and “I” are offered for sale to institutional clients, with interest income paid quarterly.
According to the prospectuses, the bonds of the last four series were issued for three years. The nominal interest rate on them is 17% per annum, while for the previous three it was 18%.
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 receive UAH 518.9 million and UAH 1 billion 30.6 million in net profit, respectively.
Last year, the company’s net profit grew to UAH 89.2 million from UAH 40.3 million a year earlier, with revenue increasing to UAH 285.6 million from UAH 95.6 million.
The international financial service NovaPay (TM NovaPay) will issue a series of “L” bonds with a total nominal value of UAH 100 million, which will be the 12th such series in the overall bond issuance program.
As noted in the SMIDA information disclosure system, the issuer is again a subsidiary of NovaPay, NovaPay Credit LLC, and the decision was approved by the general meeting of participants on July 16.
According to the announcement, the bonds are planned to be placed among an unspecified group of persons through a public offering, without the involvement of an underwriter, with a nominal value of UAH 1,000.
The company notes that there are currently 10 series of bonds in circulation – from “A” to ‘J’, each with a total nominal value of UAH 100 million, with the exception of series “I”, whose total nominal value is UAH 90 million. It is stated that the total nominal value of NovaPay Credit LLC securities in circulation at the time of the decision is 506.7% of the company’s authorized capital.
The funds raised are planned to be used for lending operations to individuals and legal entities – 80% and 20%, respectively.
NovaPay was founded in 2001 as an international financial service provider, part of the Nova Group (“Nova Poshta”), providing online and offline financial services at Nova Poshta branches. According to the website, the company employs about 13,000 people in more than 3,600 Nova Poshta branches throughout Ukraine. According to the National Bank of Ukraine, the company accounts for about 35% of the total volume of domestic money transfers.
NovaPay was the first non-bank financial institution in Ukraine to receive an extended license from the NBU in 2023, which allowed it to open accounts and issue cards, and 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.
As reported, in 2023, NovaPay made three public issues of interest-bearing bonds of series “A”, “B” and “C”, and last year issued six more series of bonds – “D”, “E”, “F”, “G”, ‘H’ and “I”, and this year, another series “J,” all for UAH 100 million. Also this year, a decision was made to issue bonds of series “K” for UAH 100 million. Securities of all series, except for ‘B’ and “I,” are used for the REPO program as an alternative to bank deposits, They are available for purchase in the NovaPay mobile app, while bonds of series “B” and “I” are offered for sale to institutional clients, with interest income paid quarterly.
According to the prospectuses, the bonds of the last four series were issued for three years. The nominal interest rate on them is 17% per annum, while for the previous three it was 18%.
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 receive UAH 518.9 million and UAH 1 billion 30.6 million in net profit, respectively.
Last year, the company’s net profit grew to UAH 89.2 million from UAH 40.3 million a year earlier, with revenue increasing to UAH 285.6 million from UAH 95.6 million.
In the first six months of 2025, NovaPay customers made 205 million transfers, which is 6% more than in the first six months of 2024.
“The total volume of transactions through the system reached UAH 172 billion, which is 26% more than last year,” the company said in a press release on Tuesday.
According to NovaPay CEO Andriy Kryvoshapko, the company’s total direct investment in the first half of 2025 amounted to UAH 230 million, and the volume of taxes for this period increased by 12% compared to the first half of 2024 – up to UAH 765 million.
NovaPay is an international financial service that is part of the NOVA group of companies (Nova Poshta). The company, which employs 13,000 people, serves customers both online and in more than 3,600 Nova Poshta branches.
According to the NBU, its share in the remittance market was 22.7%.
The company was the first non-bank institution in Ukraine to receive an extended license from the NBU, which allows it to open accounts and issue payment cards.
