• FOUNDING YEAR: 2014
    LOCATION:
    India
    REGION:
    Karnataka
    Last Update:
    9 Sep, 2019

Description

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:
Viewable by subscribers only
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

TRACTION

Insufficient information for accurate analysis

MOMENTUM

LATEST RESEARCH