The international financial service "NovaPay" (TM NovaPay) issued 1.7 billion UAH in loans in 2024, as reported by the company's press service.
"The year 2024 has been a period of active development for NovaPay in the lending sector. During this time, the company launched new credit products - installment plans and loans for businesses, with a total loan amount of 1.7 billion UAH," the press service of "NovaPay" stated on Tuesday.
In particular, the amount of loans issued to small and medium-sized enterprises last year reached 281.4 million UAH. Since the launch of the installment service in July 2024, 97,000 loans totaling 600 million UAH have been issued. The average ticket size for installments was 6.2 thousand UAH, the press service reported.
Last year, 123,000 transactions were processed under the "Parcel on Credit" service, totaling 746 million UAH. The average ticket size was 6 thousand UAH.
"NovaPay" will expand its lending capabilities in 2025 by launching new credit products for Ukrainians and businesses, the company assured.
It was previously reported that the number of clients using the mobile application of the international financial service "NovaPay" (TM NovaPay) reached half a million since its launch on December 13, 2023.
NovaPay was established in 2001 as an international financial service, part of the Nova group, providing online and offline financial services at "Nova Poshta" branches. The company offers payment services both online and offline in over 3,600 "Nova Poshta" branches across Ukraine. According to the National Bank of Ukraine, the company accounts for approximately 35% of the total volume of domestic money transfers.
In 2023, NovaPay was the first in Ukraine among non-bank financial institutions to receive an expanded license from the NBU, allowing it to open accounts and issue cards, and it 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.