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Novopay Review

Novopay
Our score: 8.0 User satisfaction: 79%

What is Novopay?

Novopay Banking Solution is a mobile-first and API-enabled digital banking solution that transforms how banks deliver products and services to their customers. It enables them to build a banking architecture or system that enhances operational efficiencies and provides convenient customer experiences. 

Novopay Banking Solution uses mobile technologies so that all banking activities and payment transactions can be done on the go. Thus, bank customers can transfer funds to deposit accounts, buy insurance products, and take loans using their own smartphones. 

The digital banking solution also permits users to implement bank APIs to integrate their web and mobile applications with the applications being used by other financial institutions. This way, they can make banking products and services accessible to lending, investment, and insurance companies and their own customers. Last but not least, through artificial intelligence, Novopay Banking Solution processes and analyzes enormous amounts of data and helps users come up with better loan decisions.

Overview of Novopay Benefits

Fully Digital Banking Experience

Novopay Banking Solution helps banks provide their employees and customers with complete digital banking experience. It lets them use cloud-based and smartphone technologies and applications to increase employee productivity, enhance operational efficiencies, and deliver dynamic and convenient banking experiences to customers. 

For example, Novopay Banking Solution enables bank customers to do all their banking activities and make payments on the move directly from their smartphones. They can deposit funds to saving accounts, borrow money, and buy insurance products and mutual funds anywhere anytime. 

Meanwhile, bank employees can take advantage of the biometric-based authentication mechanisms supported by mobile devices and platforms to instantly conduct KYC and customer verification. These include fingerprint scanning and face matching. 

Banking API Implementation 

The digital banking solution makes it easy for banks to work with their partners and acquire new customers for their products and services. They can do this by implementing Novopay Banking Solution’s bank APIs. Through these bank APIs, they will be able to easily bundle key banking products together and integrate their applications with those ones being used by their partners. Partner companies can then offer and sell the bank’s lending, insurance, or investment products to their own customers using their own web or mobile applications. 

Artificial Intelligence

Novopay Banking Solution uses artificial intelligence which is useful for specific bank processes and transactions that require good decision-making. For instance, the solution permits them to implement an AI-driven credit scoring. Here, Novopay Banking Solution analyzes the repayment behavior of customers who are applying for loans and tries to predict their probability of default. Therefore, it helps users make the right loan decisions and decrease NPAs or non-performing assets. 

Overview of Novopay Features

  • Mobile Banking
  • Biometric KYC & Authentication
  • Banking APIs
  • AI Credit Scoring
  • AI Customer Segmentation

Awards & Quality Certificates

An award given to products that have recently entered the market but are already becoming very popular
This certificate is granted to products that offer especially good user experience. We evaluate how easy it is to start using the product and how well-designed its interface and features are to facilitate the work process.

Novopay Position In Our Categories

Knowing that companies have their own business needs, it is wise that they abstain from getting an all-in-one, ideal software system. Having said that, it is almost impossible to try to chance on such an app even among branded software products. The right step to undertake is to note down the numerous chief aspects that need examination including major features, pricing, skill competence of staff members, company size, etc. Thereafter, you should conduct your product research systematically. Have a look at some of these Novopay review articles and explore each of the software systems in your list in detail. Such comprehensive research guarantees you steer clear of ill-fitting apps and select the system which offers all the function your business requires.

Position of Novopay in our main categories:

TOP 100

Novopay is one of the top 100 Mobile Payment Systems products

TOP 100

Novopay is one of the 100 Payment Gateway products

If you are considering Novopay it could also be a good idea to check out other subcategories of Mobile Payment Systems listed in our base of SaaS software reviews.

Every company has its own characteristics, and might need a specific Mobile Payment Systems solution that will be designed for their business size, type of customers and employees and even specific niche they support. It's not wise to count on locating an ideal services that will work for each company no matter what their history is. It may be a good idea to read a few Novopay Mobile Payment Systems reviews first and even then you should remember what the software is supposed to do for your company and your employees. Do you require a simple and straightforward service with only elementary functions? Will you actually use the advanced tools required by experts and big enterprises? Are there any particular features that are especially practical for the industry you work in? If you ask yourself these questions it will be much easier to locate a trustworthy solution that will fit your budget.

How Much Does Novopay Cost?

Novopay Pricing Plans:

Free Trial

Quote-based Plan

Contact vendor

Novopay Banking Solution’s SMB and enterprise pricing information is available upon quote request.

User Satisfaction

Positive Social Media Mentions 11
Negative Social Media Mentions 3

We realize that when you make a decision to buy Mobile Payment Systems it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Novopay reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with Novopay. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

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Technical details

Devices Supported

  • Android
  • iPhone/iPad
  • Web-based

Deployment

  • Cloud Hosted
  • Open API

Language Support

  • English

Pricing Model

  • Quote-based

Customer Types

  • Small Business
  • Large Enterprises
  • Medium Business

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

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What are Novopay pricing details?

Novopay Pricing Plans:

Free Trial

Quote-based Plan

Contact vendor

Novopay Banking Solution’s SMB and enterprise pricing information is available upon quote request.

What integrations are available for Novopay?

Novopay Banking Solution integrates with the following cloud services:

  • Google Cloud
  • Azure
  • Amazon Web Services
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Reviewed By Jenny Chang
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