Example of Payment Business Development in Ukraine 

by Meifan Honcharuk
Saturday, April 29, 2023
Example of Payment Business Development in Ukraine 

"NovaPay" received a license to provide a full range of financial services

The NovaPay service, developed for domestic and international customer service of Nova Poshta, has now become a full-fledged participant in the financial market. Suppose earlier NovaPay options included only paying for one's package; now, after receiving a special license from the National Bank of Ukraine. In that case, the service will provide individuals and legal entities with the following services:

  • Opening and maintenance of accounts for individuals and companies;
  • Acquiring for business;
  • Money transfers;
  • Opening accounts and issuing bank cards;
  • Lending.

"First of all, this relief will be felt by the consumers of Nova Poshta, and in the future, by those who are not connected with logistics. The main thing is that all products and services will be available both in Nova Poshta branches and in the mobile application, which will appear this year," Andrii Krivoshapko, CEO of NovaPay.

In 2022, NovaPay's share of domestic payments was 45%.

You will be interested