Novopay

paymentsmobile/digital walletp2p payments

FOUNDING YEAR: 2014
LOCATION: India
Last Update: 17/07/2020

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About

Novopay is a mobile wallet that aims to transfer or remit money on a peer-to-peer basis.

Focus

PRODUCTS & SERVICES

Novopay mobile wallet - Money transfer to friends & family member's, bill payments, merchant transactions Novopay consumers can make online payments at the local stores and can also send money to their contacts on the phone using the app.

REVENUE MODEL

Novopay does not charge for customer transactions and charges only when the wallet is being loaded or when cash is withdrawn.

MAIN CLIENTS

It has around 12,000 kirana store customers. Major customers are Ezetap

Roadrunnr

EBS and Innoviti.

EXISTING PARTNERSHIPS

Partnered with banking firms such as Bank of India

Axis Bank

IDFC and RBL Bank to bring E-wallet services to retail stores

agents and users

COMMENT

Novopay is a user-friendly app, to provide home deliveries, send money to family and friends, buy mobile and DTH recharges, pay mobile and other utility bills and purchase goods online. It was the first company which launched a Aadhaar micro ATM-based service for banking transactions through neighbourhood retailers.

People

FOUNDERS

Sridhar Rao

Gautam Bandyopadhyay

Srikanth Nadhamuni

NUMBER OF EMPLOYEES

51-200

Momentum

FUNDED

NO

LISTED

NO

BASICS

FOUNDING YEAR:

2014

LOCATION:

India

Views:

92 VISITORS | 198 VIEWS
TOTAL EMPLOYEES
51-200

About

Novopay is a mobile wallet that aims to transfer or remit money on a peer-to-peer basis.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
People+
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