Navro, a fintech company, has recently enhanced its real-time payment-to-bank service, enabling direct bank transfers to individual accounts in 61 countries.
Instantaneous Payments Worldwide
Banks and businesses can now utilize Navro’s advanced technology to instantly transfer funds to any bank account globally, regardless of the hour or day. Navro has added 17 new payment corridors, increasing its global coverage to include real-time payments in 61 countries.
Navro’s services facilitate streamlined operations by offering a fast and cost-effective alternative to traditional wire transfers, helping businesses manage payroll more efficiently and ensuring timely contractor payments.
Benefits of Real-Time Payments
Through this improved service, Navro aims to support operational and financial advantages for both employers and workers. By making just-in-time payments possible, companies can keep cash in revenue-earning or interest-bearing accounts longer. The service also enhances payroll reliability by fixing end-of-month issues swiftly. Real-time payment capabilities allow immediate corrections if any errors occur, ensuring employees receive their full pay on schedule.
Market Expansion
- In Asia, real-time payments are now available in Cambodia, China, Hong Kong, Indonesia, Malaysia, Nepal, Pakistan, the Philippines, South Korea, Sri Lanka, Turkey, and Vietnam.
- In Latin America, Costa Rica and the Dominican Republic are covered.
- For Africa, Ethiopia, Kenya, and Nigeria are included.
Additionally, Navro has broadened its regulatory presence by obtaining the Florida Money Transmitter Licence. This milestone allows Navro to offer its comprehensive cross-border payment services to businesses operating in Florida.
