NuovoPay

NuovoPay is a startup that aims to safeguard device leasing and support Haas (hardware as a service). Several finance companies and mobile phone carriers have not jumped on the bandwagon of device leasing to make mobile devices available to individuals without a credit score. This is an essential part of empowerment achieved by mobility and leasing is a critical element to bridge the digital divide. NuovoPay, with its proprietary device locking software, enables device leasing companies- financial institutions and carriers to protect their leased devices against nonpayment. NuovoPay’s non-intrusive software sits on the leased mobile devices and can be used to flash payment reminders on device screens and block the access to the device when a payment is missed. When the end-user completes the pending payment, the device is unlocked, the device data remains intact and it can be used as-is. On the NuovoPay dashboard, the leasing companies can keep a record of their leased devices, automate payment reminders or schedule them, and block or unblock device access with a click.