Transaction Banking

The global trend in banking is going from branch and ATM based retail banking to transaction banking which is delivering banking and payments transactions through various channels and devices - anytime, anywhere. Novopay’s Transaction Banking Platform includes - Agency Banking, Merchant Payments, Collections, Bill Payments, Money Transfers. These services are delivered through mobile Apps, Web Apps, mPOS device etc. Novopay's Transaction Management Platform ius powered by the core modules of Actor Management, Transaction Management, Accounting Management, Terminal & Inventory Management, Settlement and Reconciliation Management and Transaction analytics and Dasboard modules.

"With a 24% YoY growth, India’s MFIs, have a 38% market share, and continue their market dominance in the lending space."