Interfax-Ukraine

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NovaPay applies for EMI license in Europe

The financial company NovaPay, which is part of the Nova Poshta group of companies, the leader of express delivery in Ukraine, is in the process of obtaining a European license of the Electronic Money Institution (EMI), said Viacheslav Klymov, co-founder of Nova Poshta.

"NovaPay will develop, like the whole group - to create international expansion. And NovaPay has already applied to the European regulator for a license from a European financial institution. Now this process is underway. We apply for an Electronic money institution license," Klymov said on the sidelines of the Forbes Ukraine Exporters Summit on Thursday.

He specified that the company does not plan to become a bank either in Ukraine or abroad.

Once licensed, NovaPay will be able to provide money transfer services and e-commerce payments to customers, Klymov said. According to him, the company is also actively working with the NBU on the possibility of opening client accounts in Ukraine.

The company plans to develop services "package on credit" and credit cards from NovaPay in Europe, but not in the short term. "In Europe, this will be the next stage - first of all, these are transfers," Klymov said.

An EMI license allows companies to offer payment and certain other financial services, but not to operate as a bank or use a bank in their name or marketing materials.

Earlier it was reported that NovaPay intends to issue credit cards in Ukraine with additional services and discounts for Nova Poshta customers, as well as bonds.

Tags: #novapay

G7 ambassadors monitor selection of new HQCJ leadership.

The new leadership of the High Qualifications Commission of Judges (HQCJ) should be virtuous and independent, the Italian Presidency of the G7 Ambassadors Support Group in Kiev said in a statement published on social network X on Thursday.

Interfax-Ukraine 1
Baltimore bridge collapse: Six missing workers 'presumed dead'.

Baltimore bridge collapse: Six missing workers 'presumed dead'.

Six construction workers are presumed dead after a container ship struck the Francis Scott Key Bridge in Baltimore. "At this point, we do not believe that we are going to find the individuals still alive", a company official said. The ship was hal...

Sky News 1

Tim Scott: We have to continue to elect conservative senators.

Tim Scott: We have to continue to elect conservative senators.

Sen. Tim Scott, R-S.C., discusses the need for a GOP majority in the Senate on ‘Hannity.’ Subscribe to Fox News! Watch more Fox News Video: Watch Fox News Channel Live: FOX News Channel (FNC) is a 24-hour all-encompassing news service delivering b...

Fox News -

LIVE: Aftermath of Baltimore's Francis Scott Key Bridge collapse as search for six missing continues.

LIVE: Aftermath of Baltimore's Francis Scott Key Bridge collapse as search for six missing continues.

LIVE: Aftermath of Baltimore's Francis Scott Key Bridge collapse as search for six missing continues Six construction workers are presumed dead after plunging into icy water when a cargo ship smashed into the Francis Scott Key Bridge. Read more: H...

The Sun -

Queen Camilla has been leading royal duties

Queen Camilla has been leading royal duties

King Charles and the Princess of Wales have been forced to step back from royal engagements as they deal with their health issues, leaving Queen Camilla to take the lead on many royal duties. Sky's Alice Porter reports. Read more: #royalfamily #qu...

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Former FBI deputy director weighs in on Sean ‘Diddy’ Combs investigation.

Former FBI deputy director weighs in on Sean ‘Diddy’ Combs investigation.

CNN senior law enforcement analyst and former FBI deputy director Andrew McCabe weighs in on the federal investigation of Sean ‘Diddy’ Combs following the search of Combs’ homes on Monday. #CNN #News

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Dead Boeing whistleblower's lawyer speaks out: 'Shocked'.

Dead Boeing whistleblower's lawyer speaks out: 'Shocked'.

Robert Turkewitz, lawyer of the deceased Boeing whistleblower John Barnett, says family and legal team are 'shocked and devastated' on 'Jesse Watters Primetime.' #foxnews #jessewattersprimetime Subscribe to Fox News! Watch more Fox News Video: Wat...

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