Novum Bank Limited was incorporated and licenced in June 2009 to operate as a credit institution. The bank licence provides a broad range of banking services.
The board has decided that it will develop retail banking capabilities over a period of time. Initially it has decided to focus the bank’s development on 2 product lines namely card/stored value business and micro-lending.
The bank launched its Money2Go Card product in Germany in 2013. The Money2Go Card is a prepaid card affiliated with the MasterCard® network. In addition, Novum Bank Limited also manages a number of programs for strategic partners including companies such as Blackhawk in Germany.
In its lending markets Novum Bank Limited trades under the Cashper brand. We are expanding our range of loan products to better serve customers’ needs.