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Novopay

Brand: Novopay Solutions

  • 4.3

  • 3 Ratings

A state of the art, AI-powered, and SaaS-based banking software that aims to make banking simple & accessible for all.

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Novopay Software Overview

What is Novopay?

The Novopay digital banking software is an AI-driven SaaS-based Core Banking Platform that assists banks, NBFCs, MFIs, and Fintechs in securing and processing payments to improve their daily operations in payments, money lending and KYC. Novopay’s banking platform will ensure hassle free services for Digital Lending, Digital Distribution and Digital Payment Solutions.

Furthermore, this banking software ensures that customer onboarding is 100% digital, that is, it is completely digital with zero use of paper.

What are the Features of NovoPay Banking?

  • Secure online access to your accounts
  • Online bill payments and transfers
  • Investment tracking and portfolio management
  • Loan applications and management
  • Budgeting and financial planning tools
  • Alerts and notifications for account activity
  • Mobile app for on-the-go banking
  • Multi-user access for businesses
  • Integration with accounting software
  • 24/7 customer support

Novopay Banking: Major Modules

  • Digital Lending: A 100% digital lending platform that provides a loan management system, Loan Origination System, and collection modules to implement various loan products including vehicle, property, business, personal, etc. In addition, Novopay’s AI/ML based credit rating models provide accurate credit rating scorecards. This in turn delivers an omni channel presence for quick lending.
  • Digital Distribution: Digital distribution suite of products provides banks with the opportunity to create multiple products rapidly and create an agents’ network that can distribute them at scale. The digital products can be payments (AePS, BPPS, etc.), banking (RD, FD, CASA) or loan (SME, Auto, HL, etc.)
  • Digital Payments: Novopay’s digital banking solution provides banking services at your fingertips anytime. It onboards customers in no time via app download and online KYC process within 5 minutes.
  • Identify & Verification: Novopay’s AI based RBI approved KYC solutions like video KYC ensures seamless customer onboarding. Further, they offer eSign facility for document signing be it PAN or driver’s license.

What are the Benefits of NovoPay Banking Software?

  • Increased security and peace of mind knowing your finances are protected online
  • Convenient and efficient online banking, saving time and reducing the need for in-person visits
  • Ability to track and manage investments in real-time, helping you make informed financial decisions
  • Quick and easy loan application process, helping you secure financing for your needs
  • Budgeting and financial planning tools to help you stay on top of your finances and achieve your goals
  • Stay informed and in control of your accounts with alerts and notifications
  • On-the-go banking with the mobile app allows you to manage your finances from anywhere
  • Collaborative financial management for businesses, with multi-user access and integration with accounting software

Novopay Pricing

Novopay price details are available on request at techjockey.com. Please request a call back for subscription-related details and to avail offers on premium packages.

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Novopay Solutions Company Details

Founded Year:  2014

Novopay make banking and payments convenient, simple and safe.

Director/Founders Animesh Kumar
Company Size 1-100 Employees

Novopay Pricing & Plans

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Novopay Features

  • icon_check Bill Payment
    Novopay’s banking solution helps customers pay electricity bills online by logging in to the customer portal.
  • icon_check Audit Trail
    Verify and track different types of transactions including accounting transactions.
  • icon_check Cash Management
    Creates low-cost digital distribution channel via banking correspondent to manage cash inflow & outflow effectively.
  • icon_check Payments & Collection
    Supports various payment protocols like NEFT, IMPS, UPI, wallets etc. for seamless collection and payments transactions.
  • icon_check Client Management
    Provides multiple Aadhar based KYC solutions like Aadhar based OKYC, Vault, etc. to manage customer’s confidential data.
  • icon_check Banking
    A digital banking API based platform that transforms banking experience for customers in terms of loans, payments etc.

Novopay Specifications

Supported Platforms
iOS iOS Android Android
Devices
Mobile Mobile
Deployment
Cloud-Based Cloud-Based
Suitable For
Banking
Business Specific
Banking
Business Size
Small Business Startups Medium Business Enterprises SMEs MSMBs MSMEs
Customer Support
Email Forums
Language
English

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Novopay Review

4.3

Out of 5

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Overall Rating

Based on
3 Verified Ratings

Rating Breakdown

  • Features 4.6
  • Value for Money 4.5
  • Ease of Use 3.8
  • Customer Support 4.5

90% Recommend this Product

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Articles for Novopay

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Which operating system does Novopay support?

Novopay is compatible with Mac, Android, and Windows operating systems.

Is there any Novopay app?

Novopay app is available for Android devices.

What is the deployment type of Novopay banking software?

Novopay supports cloud-based deployment type.

How much does Novopay cost?

Novopay pricing is available on request at techjockey.com.

Who are the potential users of Novopay banking software?

Novopay banking software is typically used by banks, MFI, NFBC and Fintech companies.

Is there any free trial or demo for Novopay?

Novopay trial is available for free with techjockey.com.

Is Novopay free?

Novopay offers a free trial. However, the premium plan with advanced features is available at techjockey.com with exciting deals.

How can you download Novopay banking software?

Novopay bankiinstallation is not required, as it is cloud-based. Just open the Setup Wizard to get started.

How does Novopay work?

Novopay’s next-gen digital banking platform helps launch banking products including digital lending, digital payments & more for your large bank, MFI, or a fintech in just a few weeks.

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Terms and Condtions

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Users with registered businesses can purchase goods from merchants on the platform to satisfy their business needs. Users are not permitted to utilize any products acquired through the platform for resale, advertising, business, or further distribution.

For each purchase made, users will receive a Tax Invoice (or 'GST invoice') that includes specific details such as:

  • the GSTIN of the user associated with their registered business, and

  • the specified Entity Name for their business.

It should be noted that not all products are eligible for GST Invoice. Only the products displayed by participating sellers with the 'GST-based Invoice Available' callout on the product description page would qualify.

Certain goods and services are not eligible to get a GST Invoice, including items with VAS, i.e., Value Added Services (e.g., Total Mobile Protection/Assured Buyback) and those involving an exchange offer at the time of purchase.

Users must ensure the accuracy of the GSTIN, and business entity name provided for the GST Invoice. Requests for corrections into GST Invoice would not be accommodated by Techjockey.com or any Seller, and any issues arising from user-provided information are the sole responsibility of users.

Techjockey.com is not liable for the GST Invoice or any associated input tax credit. To efficiently claim an input tax credit, users should select the registered place of business address as per the GST authority's data and follow the provisions of the GST Act and rules.

To claim an input tax credit, the delivery and billing addresses must match. Furthermore, input tax credits will not be granted if the delivery address and GSTIN on the invoice are from different states. In case of incorrect GST details provided during the order placement, the order will be canceled automatically.