Experience
From design to deployment to customer support, NovoPayment provides the skills, expertise and resources necessary for bringing successful programs and services to market. The company’s capabilities include:
- Program design and implementation
- Installation of reloading networks at points of sale and banking centers
- Mobile banking platforms
- Partnerships with sponsoring banks and resellers
- Payments processing
- Sales and marketing
- Post-sales services
Innovation
The company aims to address the vast number of cash-and voucher- based transactions performed every day through innovative prepayment technologies and business models that lower transaction costs and improve the delivery of wages, benefits and services for hundreds of millions of people and the organizations that serve them.
The Latin American Market at a Glance
- Approximately 70% of Latin American households do not have a bank account
(Inter-American Development Bank, August 2009) - Latin America’s informal economy is approximately 29% of GNP
(IMF, April 2008) - Informal employment comprises 51% of non-agricultural employment in Latin America
(United Nations, 2007) - The average cost of basic financial services in the region is between 5-10% of a minimum monthly wage
(World Bank, 2006)
