AUB partners news

IBAN payments in NovaPay are now 3.5 times faster

With NovaPay, payments to entrepreneurs and businesses have become significantly faster: now 91% of transactions take only a minute and a half. For comparison, the average time on the market is about 15 minutes.

This has been made possible by automation: whereas previously only a quarter of payments were processed automatically, now nine out of ten are. For customers, this means that money is credited almost as quickly as with P2P transfers—at any time of day, without queues and without being tied to employee working hours.

“We have made processes faster, but no less reliable. Control and monitoring are performed at a high level, and all transactions remain secure for customers,” comments Yana Levada, Director of Business Development at NovaPay.

Some payments may still require additional verification.
NovaPay is constantly improving its services to make financial transactions as convenient as possible. We would like to remind you that almost half of IBAN payments in the app are made using parsing technology. This technology allows you to fill in payment details instantly: just take a photo of a paper receipt or the screen of another device, paste the details from a message, or upload a file in any format, and the system will recognize all the information and place it in the appropriate fields.

NovaPay is an international financial service from the NOVA (Nova Poshta) group of companies, which has been providing online and offline payment solutions in over 3,600 branches for 13 years. NovaPay became the first non-banking institution in Ukraine to receive an extended license from the NBU to open accounts and issue cards.

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The mission of the Association of Ukrainian Banks is to support the development of the national banking system. The AUB cooperates with the Verkhovna Rada of Ukraine on improving the legislation governing banking activities, and interacts with the National Bank of Ukraine on regulatory support for the functioning of banks and non-bank financial institutions. The CBA takes care of the professional development of bank employees, expands international relations with associations and banking institutions of other countries.

 

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