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NovaPay launches payroll projects for businesses and sole proprietors

NovaPay is launching a new service for companies and sole proprietors — a payroll project that makes payroll fast, simple and profitable — for both employers and employees. This was reported by the NovaPay press service.

It is noted that entrepreneurs no longer need to spend time preparing separate registers for each bank — everything is resolved through one common list. The salary is transferred without a commission, while in other banks it can cost up to 0.5%. Forming the register takes only a few minutes, and the process is fully automated.

To connect a company, you need to submit a minimum package of documents: an application for opening an account and joining the payroll project. Employees also do not need any paper applications, you just need to submit an application for the employer via the NovaPay mobile application and send it to the accountant in any convenient way.

What are the advantages of receiving wages on a NovaPay card:

  • free virtual and physical cards;
  • advantageous rates, because all transfers are commission-free (by details – without restrictions, by card number – up to 50 thousand UAH);
  • cash withdrawal without commission at Nova Poshta branches or any ATM (up to 50,000 UAH);
  • 20% discount on Nova Poshta services and cash on delivery commission when paying via the NovaPay application (for 6 parcels per month, the maximum benefit amount per parcel is 50 UAH);
  • access to services in the NovaPay application: purchase of corporate bonds, the possibility of installment payments, Case for collections and savings, as well as many convenient functions that facilitate financial routine.

NovaPay is an international financial service that is part of the NOVA group of companies (Nova Poshta) and has been providing online and offline payment services in over 3,600 Nova Poshta branches for over 12 years. NovaPay was the first non-bank financial institution in Ukraine to receive an extended license from the National Bank of Ukraine, which allowed it to open accounts and issue cards.

About NovaPay

NovaPay is an international financial service founded in 2001, part of the Nova group, and provides online and offline financial services in Nova Poshta branches. According to the website, the company employs about 13 thousand employees in more than 3.6 thousand Nova Poshta branches throughout Ukraine. According to the National Bank of Ukraine, in 2023 the company was the leader in domestic money transfers – 32% of the total volume.