Novopay Solutions Ltd, Bengaluru based startup and incubated by Indian-American entrepreneur & investor Vinod Khosla’s company, unveiled the Novopay consumer app and with a bank partnered wallet on Wednesday.
By Novopay consumers can make online payments at the local stores and can also send money to their contacts on the phone using the app.
Novopay was the first company which launch a Aadhaar Micro ATM based service for banking transactions. The company has over 12,000 retail points across India, through which it s already offering banking and money transfer services to customers since April 2014, in partnership with RBL Bank, Axis Bank and Bank of India.
Novopay is also accepted in 85,000 merchants across the country by this month-end,” said chief executive Sridhar Rao.
Novopay users can use their credit card or debit card and Internet banking to add money to the wallet or with the existing bank account.
Novopay mobile app is currently available only for Android users, Novopay enable consumers can pay for home deliveries, send money to family and friends, buy mobile and DTH (direct-to-home) recharges, pay mobile and other bills and purchase online says Srikanth Nadhamuni, chairman at Novopay.
The Novopay app also enables users to withdraw cash from any ATM or load their wallet at the company’s retailers nationwide.