Digital Distribution

CASA, RD, FD

Banks have offered traditional liability products through bank branches, given the stringent KYC regulations around such products. However, with Novopay's technology, banks in partnership with the Channel Partners can:

• Generate leads
• Do full KYC, compliant with the regulatory landscape
• Onboard the Customer instantly
• Activate the account instantly

Cards

Novopay's distribution suite enables banks to ramp up their Card portfolio (Prepaid Cards, Credit Cards, and Debit Cards), by partnering with channel partners to distribute the products. Novopay's suite provides Banks the ability to:

• Create different flavours of the same product to suit various micro segments
• Generate leads through a network of channel partners
• Onboard and Activate the cards instantly, fully compliant with the regulatory KYC requirements

Loans

Access to Credit is an integral part of the Financial Inclusion revolution that is happening around the world. Banks are increasingly called upon to distribute loans in a distributed geography, and also collect the repayments in an efficient manner. Novopay's solution suite enables Banks and NBFCs to to:

• Rapidly integrate with Channel Partners for Loan Origination, with minimal integration
• Generate leads for various loan products, through Channel Partners
• Do a Credit Evaluation of the prospect, including physical verification, through a network of Credit Officers
• Process and Disburse the loan, with best-in-industry TAT
• Collect the Repayments, in a safe and efficient manner

Insurance

With increase in digitization, one of the big industries that is expeted to be disrupted in Insurance. Insurance products in the years to come, will be increasingly personalized, sold contextually and through non-traditional channel partners.

• Rapidly integrate with Insurance Manufacturers
• Generate leads, and sell a variety of insurance products of varying ticket sizes
• Manage incentives and payouts to your channel partners

Investments

With the penentration of the mobile phone, consumers are increasingly willing to make investments more frequently, and at a smaller ticket size. This makes traditional investment product distribution (ex: Mutual Funds) too expensive to operate. Novopay offers a solution suite which:

• Rapidly integrates with investment product manufacturers
• Generate leads
• Do KYC, compliant with the regulatory landscape
• Collect the payment in cash/ other forms of payments, through a distributed retail network
• Onboard the Customer, and Activate the account instantly

Aadhaar Enabled Payment System (AePS)

India being largely a cash based economy, access to cash is very important for a large segment of the country. Aadhaar enabled Payment Services (AePS) and Micro ATMs enable consumers to withdraw cash from Retailers, using their Biometric information, and Debit Card respectively.  Novopay's digital distribution platform enables you to offer these products by:

• Faster GTM by riding on Novopay's integration with partner Banks. Alterntiavely, new partner banks can be quickly onboarded
• Manage a large network of Retailers and Distributors - From onboarding, to daily settlements, to incentive payouts
• In-built fraud monitoring mechanism to detect and prevent frauds

DMT

With increasing urbanization, more and more consumers are migrating to urban areas and remitting money to their families in remote parts of the country. Novopay's solution suite provides you with a solution to cater to the needs of these consumers, by:

• Faster GTM by riding on Novopay's integration with partner Banks. Alterntiavely, new partner banks can be quickly onboarded
• Manage a large network of Retailers and Distributors - From onboarding, to cash load, to incentive payouts
• In-built fraud monitoring mechanism to detect and prevent frauds

CMS

Given that India is still largely a cash based economy, there are many businesses that handle large volumes of cash everyday in their business. This poses a challenge for many businesses, as their employees will have to travel large distances carrying physical cash. Novopay's solution suite provides you with a solution to cater to the needs of these businesses by offering a Cash Management Solution, where-in:

• Rapidly integrate with Businesses seeking the CMS solution
• Enable businesses to deposit cash at Retail outlets around the country
• Manage a large network of Retailers and Distributors - From onboarding, to cash load, to incentive payouts
• In-built fraud monitoring mechanism to detect and prevent frauds

Recharges & Bill Payments

One of the major public infrastructure that has been built in India is Bharat Bill Pay Services (BBPS), which provides a common platform for all billers to be aggregated on. Novopay solution suite enables you to ride on that network, by enabling your channel partners with the ability to collect payments towards bill payments, on BBPS