Prepaid Card and Wallet Solution

Novopay Prepaid Card & Wallet Solution allows Banks, NBFCs, Retailers, Telcos and Corporates to solve complex payment use cases and provide seamless payment experience in the hands of their employees, customers and channel partners.

Novopay’s solution offers comprehensive features such as Full-KYC & Min-KYC reloadable cards, Assisted / Self Onboarding App, Gifting, Employer and Employee Management, Funds Transfer, Insurance and BBPS. In addition, its powerful MIS and analytics capabilities offers great business insights.

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Create a Secure & Flexible Store of Value

Novopay Prepaid Card & Wallet Solution is a full-fledged solution for managing Wallet, Current and Savings Accounts, albeit with much greater flexibility required to support complex payment use cases. Key supported features are:

Product management
Multi-wallet support, Child-parent relationship
Limits & Rules management
Fees, Charges, Taxes and Promotion scheme association
Issue and link cards, including Virtual card support

Rapidly reach more Customers

Novopay Prepaid Card & Wallet Solution empowers you to quickly onboard customers. Key supported features are:

Set-up KYC based customer onboarding depending on the wallet product definition
100% digital and instant OCR of KYC
Validation of extracted data with external interfaces and public databases
Selfie and Video identification with liveliness check
Self-onboarding and Assisted onboarding

Create an awesome Payment Experience for your Consumers!

Engage your consumers by creating frictionless and easy payment experience. All these while providing total control of the payment instruments in the hands of the consumer. Key supported features are:

Wallet load using PG and direct bank transfers
Pay to Contact
Perform instant Funds transfer
Pay to QR
Pay at offline and online / eCom merchants
Bill payments and mobile top up
Gift Virtual cards
Split Bills
Request Funds

Motivate your Employees, Customers & Channel Partners with Gift Cards

A gift speaks louder than words! Companies can grow their business multi-fold by motivating employees, customers & channel partners through appropriate gift programs. Novopay's comprehensive gift card solution provides:

Unified solution for all occasions
Gift inventory management
Instant Activation
Physical and Digital Gift cards
White-labelled solution to build your own brand
Corporate portal for easy administration

Provide Creative solutions to your SME & Corporate Customers

Corporates and SME customers have complex payment use cases to be solved, often requiring custom flows and tailored product definition. Novopay’s Prepaid Card & Wallet provides a perfect interface to support such nuances:

Corporate led administration
Payroll processing
Fleet payments
Expense reimbursement, along with MCC control
End use checks
APIs for bulk creation and bulk payments
Corporate specific Cashbacks and promotions, broadcasts

Provide personalised Controls

Your customers want to be in control of their payments. Safety & Security and personalized experience are key capabilities delivered by Novopay’s Platform.

Link, unlink, suspend, unsuspend features from App and over other channels such as IVR, SMS, WhatsApp
Set spend limits
Issue virtual cards to others for spend upto a limit
Issue one-time usage virtual cards
Pay at offline and online / eCom merchants
Bill payments and mobile top up
Admin access to corporates for managing, tracking and consuming analytics
Split Bills
Corporate co-branding of App and cards

Harness the Data to do more

You can harness the rich payments data and do more for yourselves and your consumers. Novopay’s strong analytics and dashboard features can help bring necessary insights. Key features are:

Pre-built integrations with Google analytics and other app analytics platforms
Ability to push specific promotions to customer segments
Extensive analytics on usage of wallets
Native dashboards

Novopay’s Engagement Model

Novopay offers its Prepaid Card & Wallet platform as a Cloud offering and as well as a deployed implementation within a Bank premise.

In India, we also bring a host of business relationships and a Merchant network where the wallets and prepaid cards can be readily used

What do we bring to the table?

Prepaid Card & Wallet Platform
Payment Transactions
White-labelled Apps
Implementation Services for quick deployment
Open APIs
Cloud SaaS with 99.95% uptime guarantee

Analytics and Dashboards
Tech-support and Dev-Ops
Biz-Ops along with IVR
Novopay’s Business relationships in India (VA, BBPS, eSign etc)
Novopay’s retail network (for cash deposit, cash withdrawal and merchant payments)