Navro Expands Real-Time Payout Network to 61 Countries, Enabling Businesses To Transact Like Locals in More Markets

Navro, the pioneering fintech that simplifies international payments for businesses, today announces a major expansion of its real-time, pay-to-bank capability – that is, the ability for businesses to send money instantly to someone’s bank account at any time of day, irrespective of banking hours, with funds arriving in seconds.

Navro has added 17 new real-time pay-to-bank corridors, enabling it to offer direct, real-time payments to bank accounts in 61 countries.

The new payment capabilities enable businesses to benefit from greater speed, choice, and flexibility for paying contractors and employees globally, eliminating reliance on slower and more expensive traditional international wire transfers.

The expanded real-time payment network delivers significant operational and financial benefits for global workforce and contractor payments. By enabling just-in-time payments for contractor invoices, businesses can hold onto cash in revenue-generating or interest-bearing accounts for longer – freeing up idle capital and making it more productive.

The service also enhances payroll reliability, allowing businesses to quickly fix any end-of-month issues. If an error occurs, the speed of real-time payments allows for instant corrections, ensuring employees still receive their full pay on the day they expect it.

The new payment corridors significantly increase Navro’s reach in high-potential markets across Asia, Latin America, and Africa, covering real-time payments to banks in:

• Asia: Cambodia, China, Hong Kong, Indonesia, Malaysia, Nepal, Pakistan, Philippines, South Korea, Sri Lanka, Turkey, Vietnam

• Latin America: Costa Rica, Dominican Republic

• Africa: Ethiopia, Kenya, Nigeria

In addition to growing its international payment network, Navro has also increased its regulatory footprint, having recently acquired the Florida Money Transmitter License. This approval in yet another major US state allows Navro to offer its full suite of cross-border payment services to businesses operating there.

Aran Brown, CEO of Navro, said: “These latest capabilities deliver on our commitment to empower businesses to transact like locals, by integrating more local payment rails to meet strong demand for fast, reliable, and cost-effective payouts. By growing our real-time network to 61 corridors, we are giving global businesses the essential infrastructure to manage their workforce and supplier payments more efficiently, particularly in dynamic markets like the Philippines. And we plan to add even more corridors by the end of the year.”