NuovoPay Logo
star_border star_border star_border star_border star_border
0 User Reviews
LAST UPDATED: August 12th, 2020

NuovoPay allows telecom carriers, resellers, and finance companies to protect their leased POS devices against EMI payment defaults. The company's mobile locking technology remotely locks devices leased to consumers in the event of a failure in EMI payments or if the tools are reported stolen. 

NuovoPay provides technology solutions and SaaS products to SMBs (small and midsize businesses) and Enterprises.

NuovoPay is a product by ProMobi Technologies Pvt. Ltd.

Top Ranked Companies

thumb_up

The Good

  • Sustainable Device Leasing Model
  • Remotely Block Device Access
  • Available Plans
  • 14-Day Free Trial

Sustainable Device Leasing Model

One of NuovoPay's main goals is to empower technology finance companies, resellers, and telecom carriers with a sustainable device leasing model. And the company offers one of the best-in-market solutions for leased Point of Sale devices. 

NuovoPay not only makes it possible for leasing companies to sublet Android-based POS devices to businesses (allowing them to facilitate a seamless digital experience to paying customers), but NuovoPay sends timely payment reminders to help clients stay updated on their payment cycles. 

Remotely Block Device Access

Suppose a client is late or has not paid their equated monthly installment or EMI (a fixed payment amount made by a borrower to a lender). In that case, NuovoPay's locking technology ensures that leasing companies have complete control over their devices. Lenders can easily lock defaulted POS devices from NuovoPay's simple dashboard from their office's comfort until all dues are cleared. Then once the payments have gone through, lenders can easily unlock the device and allow business owners to instantly continue using the device. 

Available Plans

Currently, NuovoPay offers two plans for finance, resellers, and leasing companies to choose from. The first option is the NuovoPay Go, which the company claims has "everything you need to set your device leasing program in motion," including simplified integration, streamlined payment logs, remote locking, reduced collection costs, and assured revenue. This plan is free forever for up to 10 devices. 

The second plan is called NuovoPay Growth. This plan is tailored for businesses, includes everything the NuovoPay Go plan has plus priority support. However, the plan requires consumers to contact the company for a personalized quote. 

14-Day Free Trial

Those interested in trying out NuovoPay's services can sign up for the NuovoPay Go plan. The plan comes with a free 14-day trial for unlimited devices and no credit card is required. 

thumb_down

The Bad

  • Undisclosed Information
  • Terms and Policy Link
  • Not Compatible with iOS-Based POS Devices

Undisclosed Information

While NuovoPay's services are pretty straightforward, few things aren't fully disclosed on the website. For example, there is not a lot of detailed information on the terms and conditions of NuovoPay's plans. Consumers are left asking questions such as: How long am I committing to use NuovoPay's services? Are payments made monthly or annually? Am I able to get a refund if I am unhappy with the provided service? 

Terms and Policy Link

Potential clients of NuovoPay can sign up directly on the website. All that's needed to sign up for a free 14-day trial is a name, work email, password, and contact number. After filling out this information, customers will need to check the box agreeing to the terms and policies set by NuovoPay.

However, if you try to click on the Terms and Policy link, nothing happens. You are not redirected to a new page, nor does a broken link page pop up. You can check off the box that states you agree to the terms and policies, but you cannot actually read what they are.

This is problematic as there is no other place on the website you can read NuovoPay's terms and policies. While most people may skip over the terms and policies, it could help answer some of the questions that potential clients may have (such as the ones previously mentioned in the Undisclosed Information section). 

Not Compatible with iOS-Based POS Devices

Currently, NuovoPay only supports Android-based POS devices. There is no mention as to whether or not the company will expand its services to iOS-based devices. 

gavel

The Bottom Line

NuovoPay is an ideal platform for telecom carriers, finance companies, and resellers to protect and safeguard their leased POS devices. NuovoPay offers a free plan (as long as the service is only used for up to 10 devices), an ideal option for smaller or local businesses.

But there is also the NuovoPay Growth plan that offers customized pricing for larger enterprises. NuovoPay's remote locking technology is an excellent tool that gives leasing companies complete control over their leased POS tools and devices. The company boasts that the technology enables users to reduce defaulter payments, reduce manual efforts and costs in payment collections, and protect stolen or lost devices.

While NuovoPay's services are impressive, we would like to see more specific content on the company website. It would be nice if the company included more detailed information about its contracts, refund policy, and other terms. 

Was this content helpful?
thumb_up Yes thumb_down No

Star Rating

0.0

star_border star_border star_border star_border star_border

0 Reviews

Review Breakdown

5 grade

0%

4 grade

0%

3 grade

0%

2 grade

0%

1 grade

0%

Sentiment Criteria

Value

star_border star_border star_border star_border star_border

Quality

star_border star_border star_border star_border star_border

Service

star_border star_border star_border star_border star_border

Trustworthiness

star_border star_border star_border star_border star_border
Be the first to leave a review.

We're on a mission to empower consumers to make the best decisions and connect confidently with companies that deserve their business.

© 2021 BestCompany.com LLC - All rights reserved Privacy Policy | Terms | Do Not Sell My Personal Information