Case Study: NovaPay and Verestro - Elevating Payment Solutions with Card Issuing Technology

The Client: NovaPay EU UAB

NovaPay EU UAB is a Lithuania-based fintech company with Ukrainian origins, and an essential part of NOVA Group. Entering the European market, the company is launching an app created for Ukrainians and Europeans—especially for those who already know and trust the NovaPay brand—combining its strong track record in developing financial services in Ukraine with new opportunities across the EU. At the core of NovaPay EU’s mission are fast, convenient, and secure financial products that create a modern ecosystem and meet international standards.

The Challenge: A New Level of Service

The goal of NovaPay EU UAB was to provide customers with a more direct and personal financial tool: their own payment cards. This ambitious project required a sophisticated technology partner capable of implementing a new card issuing solution from the ground up. The key challenge was to seamlessly integrate this new service, ensuring that customers could receive payment cards tied to individual accounts, thus enhancing the scope and value of NovaPay EU UAB’s financial ecosystem.

The Solution: A Collaborative Partnership

In a strategic partnership with Quicko, NovaPay EU UAB chose Verestro to bring this vision to life. Verestro introduced a completely new technological framework that was instrumental to the project's success. The solution centered on Verestro's card issuing and token management platform, which included manual provisioning capabilities. This innovative technology was the backbone of the project. The collaboration was a testament to the power of combining industry expertise with cutting-edge technology to create a product that was both reliable and forward-thinking.

The Results: Tangible Success and Enhanced Customer Value

The implementation of Verestro's technology yielded impressive and immediate results. The most significant achievement was NovaPay EU UAB's ability to issue payment cards paired with IBAN accounts. 

The project’s success was further highlighted by several key achievements:

• Expanded Currency Offerings: NovaPay EU UAB successfully launched payment cards in both EUR and PLN issued by Quicko, a highly valued feature for its clients, particularly those with international transactions.

• Seamless Digital Integration: The integration allowed for the provisioning of digital cards directly into mobile wallets, including Google Pay and Apple Pay. This provided customers with the convenience of using their digital cards for contactless payments and online purchases.

• Enhanced Financial Control: Customers now benefit from unique virtual IBANs, which facilitate seamless and secure transfers. This feature adds a new layer of convenience and control over their finances

Through this collaboration, NovaPay EU UAB was able to issue payment cards and strengthen its financial ecosystem for users. Working with Verestro helped NovaPay EU UAB implement a practical and reliable solution that supports its growth in the fintech market.