The loan portfolio of the international financial service NovaPay (TM NovaPay) from the Nova group has exceeded UAH 2 billion, which is approximately 48.1% more than at the beginning of August 2025, when the figure reached UAH 1.35 billion, according to a statement released by the company on Wednesday.
NovaPay explained that the largest product in the portfolio remains installment plans, the volume of which increased from UAH 607 million to UAH 833 million compared to the beginning of August 2025.
Meanwhile, customer credit card liabilities grew at a faster pace, currently exceeding UAH 620 million in the portfolio, compared to UAH 232 million at the beginning of August 2025. The company specified that 60,000 people had applied for credit cards since their launch 10 months ago, with an average credit limit of UAH 30,000.
In addition, almost UAH 290 million in NovaPay’s loan portfolio is accounted for by “parcels on credit” – a product that was created in integration with Nova Poshta, the leader in express delivery in Ukraine, which is also part of the Nova group.
It is also noted that the business customer loan portfolio exceeded UAH 257 million.
As reported, NovaPay Credit increased its net profit by 1.8 times in January-September 2025 compared to the same period last year, to UAH 101.56 million, but according to the results of the year, it was planned to bring it to UAH 518.9 million, and in 2026 to increase it to UAH 1 billion 30.6 million by increasing net interest income from UAH 802.1 million to UAH 1 billion 515.1 million.
NovaPay was founded in 2001 as an international financial service, part of the Nova group (“Nova Poshta”), providing online and offline financial services in 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 application with a wide range of financial services at the end of last year.
The international financial service NovaPay (TM NovaPay) from the Nova group has placed the entire series of “M” bonds, issued by its subsidiary NovaPay Credit, with a nominal value of UAH 200 million, while 11 of the previous 12 series were issued with a nominal value of UAH 100 million each, and another one – UAH 90 million.
As stated in the company’s announcement on Friday, the National Securities and Stock Market Commission (NSSMC) approved the placement report on January 29, 2026, while the bonds were issued in the fourth quarter of 2025.
Like most NovaPay bond series, the M series bonds will be used in repo transactions, which the company promotes as an alternative to bank deposits: the bonds are issued in denominations of UAH 1,000 for three years with a coupon payment at a rate of 18% per annum upon maturity.
The funds raised from the bond issue are planned to be used for lending operations to legal entities (20%) and individuals (80%).
NovaPay emphasized that as of early 2026, more than 7,100 customers had become owners of the service’s corporate bonds for a total amount of UAH 1.25 billion.
As reported, NovaPay Credit increased its net profit by 1.8 times in January-September 2025 compared to the same period last year, to UAH 101.56 million, but according to the results of the year, it was planned to bring it to UAH 518.9 million, and in 2026 to increase it to UAH 1 billion 30.6 million by increasing net interest income from UAH 802.1 million to UAH 1 billion 515.1 million.
In total, during 2023-2025, NovaPay carried out 12 bond issues with a total nominal value of UAH 1 billion 190 million. Securities of all series, except for three, are used for the REPO operations program as an alternative to bank deposits. They are available for purchase in the NovaPay mobile application, and interest payments on them are scheduled to be made once upon redemption. Interest on bonds for institutional investors is paid quarterly. They also have an annual offer, and the nominal yield for the first year of circulation is 18% per annum. Series “K” became the third for institutional investors.
In September 2025, the service redeemed two-year Series C bonds worth UAH 100 million, which it placed among institutional investors. The issuer’s portfolio still has another series, Series I, of bonds of this type worth UAH 90 million.
NovaPay was founded in 2001 as an international financial service, part of the Nova group (“Nova Poshta”), providing online and offline financial services in 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 application with a wide range of financial services at the end of last year.
The National Bank of Ukraine (NBU) has approved Igor Syrovatko as the new CEO of NovaPay (TM NovaPay), an international financial service provider belonging to the Nova Group, according to a press release issued by the company on Monday.
“It was a difficult challenge for me, especially in parallel with the process of getting into the role and managing a large company—I had to quickly refresh my knowledge of the regulatory framework governing the work of financial institutions, corporate governance, and all the legislation governing the work of our industry,” Syrovatko said in the release.
He previously worked at Universal Bank and headed the customer service department at OLX in Ukraine and Central Asia. NovaPay announced its decision to appoint him as CEO in September this year.
Prior to Syrovatko, Andriy Kryvoshapko was the CEO of the international financial service NovaPay, having headed the company since 2016.
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. In 2023, it 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, and at the end of last year, it was the first non-bank to launch its own financial application.
According to NBU statistics, NovaPay is the leader among all money transfer systems created by non-bank institutions. According to the company, it processes about 2.5 million transactions per day for 750,000 users.
NovaPay Credit, a subsidiary of the international financial service NovaPay (TM NovaPay) from the Nova group, which is the issuer of NovaPay bonds, increased its net profit by 1.8 times in January-September 2025 compared to the same period last year, to UAH 101.56 million.
According to the company’s report on its website, revenue increased 2.8 times to UAH 488.07 million, gross profit increased 2.2 times to UAH 164.70 million, and operating profit increased 2.3 times to UAH 134.85 million.
It is noted that the company’s current accounts receivable for the first nine months of 2025 increased from UAH 784.77 million to UAH 1 billion 260.75 million, while proceeds from the sale of bonds increased to UAH 659.02 million from UAH 376.89 million for the first nine months of 2024, while the cost of their redemption increased to UAH 446.42 million from UAH 332.52 million.
In September 2025, NovaPay redeemed two-year Series C bonds worth UAH 100 million, which it had placed with institutional investors. The issuer’s portfolio still contains another series of bonds of this type, Series I, worth UAH 90 million.
Proceeds from repo agreements with bonds, which the company offers as an alternative to bank deposits, increased to UAH 971.30 million from UAH 615.922 million, while expenses under such agreements increased to UAH 682.26 million from UAH 505.35 million, and interest expenses increased to UAH 69.22 million from UAH 31.84 million.
As reported, NovaPay issued 12 bond issues with a total nominal value of UAH 1.19 billion during 2023-2025. However, securities of all series, except for three, are used for the REPO program as an alternative to bank deposits, they are available for purchase in the NovaPay mobile application, and interest payments on them are scheduled to be made once upon redemption. Interest on bonds for institutional investors is paid quarterly. They also have an annual offer, and the nominal yield for the first year of circulation is 18% per annum. The “K” series became the third for institutional investors.
NovaPay was founded in 2001 as an international financial service, part of the Nova group (“Nova Poshta”), providing online and offline financial services in 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 international financial service NovaPay (TM NovaPay) raised the rate on short-term deposits from private investors by 1-2 percentage points (pp) — from 1 to 3 months, and by 0.25-0.5 p.p. for deposits with a term of 4 to 9 months, according to the company’s press release on Thursday.
It is noted that the current rates as of October 23, 2025, are: 1 month — 12%; 2 months — 14%; 3 months — 15.5%; 4 months — 17%; 6 months — 17.5%; and 9 months — 17.75%.
In July, NovaPay offered 10% per annum for 1 month, 12% for 2 months, 14.5% for 3 months, 16.5% for 4 months, and 17.5% for 6 and 9 months.
The company clarified that the rate for annual deposits remained unchanged at 18%.
Since the beginning of March 2025, the National Bank has held the discount rate at 15.5% for five consecutive meetings, and before that, it increased it three times since mid-December 2024. Earlier, it had kept it at 13% for six months, to which it had been reduced from 25% in July 2023 in seven stages.
According to NovaPay CFO Igor Prykhodko, most clients invest in short and medium terms.
As reported, NovaPay launched an alternative to deposits through repo transactions with bonds of its subsidiary NovaPay Credit. They are available for purchase in the NovaPay mobile app. As of July this year, the company reported attracting UAH 1.7 billion through this mechanism.
NovaPay was founded in 2001 as an international financial service, part of the Nova group (“Nova Poshta”), providing online and offline financial services in 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 bond 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 growing to UAH 285.6 million from UAH 95.6 million.
The transaction volume of the international financial service NovaPay (TM NovaPay) in January-September 2025 increased by 25% compared to the same period last year, to UAH 267 billion, while the number of transfers during this period increased by 5%, to 307 million.
“The results for the nine months confirm the correctness of the chosen development vector,” NovaPay CEO Igor Syrovatka is quoted as saying in the company’s press release on Tuesday.
It is noted that in the first nine months of this year, the company transferred more than UAH 1.1 billion in taxes to the state budget, compared to UAH 1 billion in the first nine months of last year.
Last year, based on the results of nine months, NovaPay reported a 29% increase in transaction volume, a 26% increase in the number of transfers, and a 22% increase in taxes.
According to data from YouControl, NovaPay LLC’s revenue in the first half of this year grew by 9.3% to UAH 4 billion 539.75 million, while net profit fell by 42.1% to UAH 966.98 million.
Loan services are also provided by the subsidiary NovaPay Credit, which actively raises money through bond placements. In the first half of this year, NovaPay Credit, according to reports on its website, increased its net profit 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.
The number of customers using the mobile application of the international financial service NovaPay (TM NovaPay), launched at the end of 2023, reached 750,000, the company reported in July 2025, which at the end of last year reported 500,000 customers.
NovaPay was founded in 2001 as an international financial service, part of the Nova group (Nova Poshta), providing online and offline financial services in 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 application with a wide range of financial services at the end of last year.
