What is NuovoPay and how does it function? NuovoPay is a platform that assists telecom carriers, finance companies, and resellers in safeguarding their leased devices from EMI payment defaults. By remotely locking devices leased to customers in the event of EMI payment failures or reported theft, NuovoPay simplifies the complex process of mobile phone leasing and requisition. Through automation of onboarding processes and payment logs, as well as remote invalidation of device access for defaulters, users can reduce installment requisition costs and protect their leased devices. Integration with leading billing system providers is also possible. The software further helps users reduce defaulter payments by automating payment reminders and reducing manual efforts and costs in payment collection. With NuovoPay’s remote locking technology, leasing companies can maintain complete control over their leased tools and devices while minimizing the expenses associated with recovering defaulters or lost/stolen devices.
