We are - the company Naujo UAB established in 2019 with a solid entry into the market of payment services with the innovative products for the industry package.
We are in the process of creating a payment system designed to facilitate the management of personal finances on the Internet. The Naujo system will provide a full range of electronic money enterprise services: storing funds on multicurrency accounts, currency exchange, replenishment and withdrawal of funds in various ways, issuing payment cards, linking payment cards of third-party systems. And also, services that increase the security of payments, allowing you to economize, save money and many other functions.
It is planned that one of the competitive advantages of Naujo will be the “Internet payment protection” service, which, in addition to the requirements of AML&CTF, will additionally check websites for doubtful lists and recommend that the payer refuse to pay, as well as offer an alternative.
In the future, we plan to launch the service “Saving Internet payments”. As part of this service, an artificial intelligence system will be introduced to control the quality and cost of services provided by providers, working on the basis of collected statistics and information contained in third-party databases. At the time of payment, if the coefficient of economy exceeds the specified one, the system will recommend that our customers refuse to pay and offer a more profitable alternative. And if it is possible to use different accounts or payment methods, the system itself will offer the most economical method of payment.
Another feature of the system will be the “Basket of currencies” service, designed to preserve deposits in case of significant fluctuations in the exchange rates of currency pairs. Moreover, in addition to its own analytical platform, it is planned to collect recommendations on the balance of the basket of currencies from specialized analytical agencies. We plan to provide our customers with the ability to track the effectiveness of various algorithms and choose between them.
For corporate clients, the “NaujoPay” service will be provided, allowing you to pay on the site with Naujo electronic money. At the same time, technical integration with Naujo will be extremely simplified. In the future, for corporate customers, the “One-click payment” service will be provided, which will collect many different payment methods. Which, in our opinion, will give us a significant advantage in the payment acceptance market for corporate clients on the Internet.
The system we are developing will become a reliable assistant in saving money for all categories of citizens. It is likely that our services for safety and economy will be most interesting, for consumers of the older age group, whose representatives are most often faced with network difficulties. In our work, we plan to focus on this particular age group.
Initially, we plan to conduct activities exclusively in the territory of the Republic of Lithuania. After testing business models and identifying the most profitable areas, we plan to expand to Eastern Europe and further to the entire European Union.