Nuovopay, a product by ProMobi Technologies, provides a cloud-based software solution for telecom carriers, device financing companies, and resellers. Its core service is a remote locking technology that allows these businesses to secure the smartphones and tablets they offer on installment plans. If a customer defaults on their payment, the company can remotely disable the device, rendering it unusable until the payment is made. This significantly reduces the risk of non-payment and fraud, thereby encouraging the affordability and accessibility of devices in emerging markets.

Founded in

India