UAH 1 billion of taxes to the budget: NovaPay results for three quarters of 2024
According to the results of 9 months of 2024, NovaPay transferred more than UAH 1 billion in taxes and fees to the country's budget. This is a 22% increase compared to the same period last year. Investments in the victory amounted to UAH 4.5 million.
The total number of transactions made during this time is 292 million. This is a 16% increase compared to the third quarter of 2023. A total of UAH 213.7 billion in transfers went through the system, which is 29% more than last year.
"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,” says Igor Prikhodko, CFO of NovaPay.
In addition to traditional transfers, NovaPay's most popular services include card replenishment and cash withdrawal operations at Nova Poshta offices, as well as cash on delivery for goods sold and delivered by Nova Poshta.
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 3,500 Nova Poshta outlets for 12 years. NovaPay is one of the largest taxpayers in the country. The company 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. The company was also the first among non-banks to present a payment application in December 2023.