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About NuovoPay
NuovoPay is a leading device financing risk management platform that helps financial institutions and telecom carriers reduce EMI defaults and improve repayment rates. It provides a comprehensive solution to manage risk associated with financing smartphones, laptops, and other devices. With features like remote lock, automated payment reminders, and integration with credit risk assessment tools, NuovoPay protects financed devices in case of default.
What problem does NuovoPay solve?
Device financing comes with risks like loan defaults, EMI non-payment, and device misuse. NuovoPay addresses these by enabling remote locking of devices (even offline), blocking unauthorized use, and automating repayment reminders. This helps lenders and telecoms protect their assets and cut down on collection costs.
Who is NuovoPay for?
NuovoPay is built for telecom operators, finance companies, and resellers who offer device financing plans. It's especially useful for those looking to scale their device lending programs while minimizing financial risk. It may not be the right fit for small retailers without a formal lending operation.
Real use cases and impact
NuovoPay claims notable outcomes like a 98% increase in repayment rates, a 13x improvement in revenue from non-performing assets, and a 70% reduction in monthly defaults. Whether you're launching a new smartphone financing plan or managing a large portfolio, NuovoPay aims to make device financing safer and more profitable.
Key features
- Remote Lock (Online & Offline) — Lock devices even when they're not connected to the internet, ensuring protection against non-payment.
- Automate Payment Reminders — Schedule reminders to nudge customers and reduce EMI defaults.
- Lock on SIM Swap — Automatically lock a financed device if the SIM card is swapped, preventing misuse.
- Security Controls — Restrict third-party app installation, block safe mode, and disable USB debugging to protect device integrity.
- API-Driven Integrations — Connect with credit risk assessment tools and billing systems to streamline operations.
- Configurable Settings — Customize lock and reminder behaviors to match your business policies.
SaaSpartout Score
7.8
/10
Editorial score from our review methodology — not user ratings.
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NuovoPay Pricing
NuovoPay pricing: free trial. Billing model: Free.
For comparison: the median starting price in Finance & Accounting is $20/month, measured across 145 tools we track. See the full SaaS Pricing Index →
NuovoPay Go
Free trial for up to 10 devices. No credit card required. Includes all features, so you can test the platform risk-free.
NuovoPay Growth
Tailored for your business and use-case. Contact sales for a personalized quote. Includes all features and priority support. No credit card required.
Frequently asked questions
How much does NuovoPay cost?
NuovoPay offers a free trial for up to 10 devices (no credit card required) and a custom-priced Growth plan. Contact sales for a personalized quote.
Is there a free trial for NuovoPay?
Yes, NuovoPay Go includes a free trial for up to 10 devices, with all features included and no credit card required.
What is NuovoPay used for?
NuovoPay is a device financing risk management platform used by telecom carriers and finance companies to reduce EMI defaults, improve repayment rates, and protect financed devices.
Who is NuovoPay best for?
NuovoPay is ideal for telecom operators, finance companies, and resellers offering device financing plans, particularly those looking to reduce non-performing assets and streamline collections.
What are the main features of NuovoPay?
Key features include remote lock (online and offline), automatic payment reminders, lock on SIM swap, security controls (blocking third-party apps, safe mode, USB debugging), and API-driven integrations.
Does NuovoPay work offline?
Yes, NuovoPay's Remote Lock works in both online and offline modes, allowing you to lock devices even when they are not connected to the internet.
