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Digital Wallet Solution

Novopay Digital Wallet Solution allows Banks, NBFCs, Retailers, Telcos and Corporates to solve complex payment use cases and provide seamless payment experience in the hands of their employees, customers and channel partners.

Ubiquitous adoption of smartphones, from the underbanked/unbaked informal sector to the digitally native generation, provides an immense opportunity to the above organisations to acquire, engage and mine value from large number of new customers.

Create a Secure & Flexible Store of Value

Novopay Digital Wallet Solution is a full-fledged solution for managing Wallet, Current and Savings Accounts, albeit with much greater flexibility required to support complex payment use cases. Key supported features are:

  • Product management
  • Multi-wallet support, Child-parent relationship
  • Limits & Rules management
  • Fees, Charges, Taxes and Promotion scheme association
  • Issue and link cards, including Virtual card support

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Rapidly reach more Customers

Novopay Digital Wallet Solution empowers you to quickly onboard customers. Key supported features are:

  • Step-up KYC based customer onboarding depending on the wallet product definition
  • 100% digital and instant OCR of KYC
  • Validation of extracted data with external interfaces and public databases
  • Selfie and Video identification with liveliness check
  • Self-onboarding and Assisted onboarding

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Create an awesome Payment Experience for your Consumers!

Engage your consumers by creating frictionless and easy payment experience. All these while providing total control of the payment instruments in the hands of the consumer. Key supported features are:

  • Wallet load using PG and direct bank transfers
  • Pay to Contact
  • Perform instant Funds transfer
  • Pay to QR
  • Pay at offline and online / eCom merchants
  • Bill payments and mobile top up
  • Gift Virtual cards
  • Split Bills
  • Request Funds

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Provide Creative solutions to your SME & Corporate Customers

Corporates and SME customers have complex payment use cases to be solved, often requiring custom flows and tailored product definition. Novopay’s Digital wallet provides a perfect to support such nuances:

  • Corporate led administration
  • Payroll processing
  • Fleet payments
  • Expense reimbursement, along with MCC control
  • End use checks
  • APIs for bulk creation and bulk payments
  • Corporate specific Cashbacks and promotions, broadcasts

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Provide personalised Controls

Your customers want to be in control of their payments. Safety & Security and personalized experience are key capabilities delivered by Novopay’s Platform.

  • Link, unlink, suspend, unsuspend features from App and over other channels such as IVR, SMS, WhatsApp
  • Set spend limits
  • Issue virtual cards to others for spend upto a limit
  • Issue one-time usage virtual cards
  • Pay at offline and online / eCom merchants
  • Bill payments and mobile top up
  • Admin access to corporates for managing, tracking and consuming analytics
  • Split Bills
  • Corporate co-branding of App and cardsx

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Harness the Data to do more

You can harness the rich payments data and do more for yourselves and your consumers. Novopay’s strong analytics and dashboard features can help bring necessary insights. Key features are:

  • Pre-built integrations with Google analytics and other app analytics platforms
  • Ability to push specific promotions to customer segments
  • Extensive analytics on usage of wallets
  • Native dashboards

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Novopay’s Engagement Model

Novopay offers its Digital wallet platform as a Cloud offering and as well as a deployed implementation within a Bank premise.

In India, we also bring a host of business relationships and a Merchant network where the wallets and prepaid cards can be readily used

What do we bring to the table?

  • Digital Wallet Platform
  • Payment Transactions
  • White-labelled Apps
  • Implementation Services for quick deployment
  • Open APIs
  • Cloud SaaS with 99.95% uptime guarantee
  • Analytics and Dashboards
  • Tech-support and Dev-Ops
  • Biz-Ops along with IVR
  • Novopay’s Business relationships in India (VA, BBPS, eSign etc)
  • Novopay’s retail network (for cash deposit, cash withdrawal and merchant payments)

Industries we Serve


Banks

NBFCs and MFIs

Fleet Companies

Telcos

Retail and FMCG

Fintechs

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