The Delaware Office of the State Bank Commissioner issued this licence, establishing comprehensive regulatory oversight for Navro’s operations in the state.
Going forward, Navro aims to address the needs and preferences of clients and users while maintaining compliance with industry regulations. This commitment is crucial as the market continues to evolve.
Details on the New US Licence
In its official announcement, Navro highlighted that this new licensing will help align its business operations within stringent regulatory frameworks. It emphasizes the importance of operating under a robust legal structure to access optimized payment options and capabilities.
This Delaware licence is also seen as a step toward broadening Navro’s presence across the United States. The institution plans to incorporate advanced compliance and security standards, ensuring reliability and trust for its customers regardless of their operational locations. Navro’s payments curation technology aims to simplify cross-border payment challenges faced by businesses in the US, such as high transaction costs and lengthy settlement times associated with SWIFT.
By offering improved payment services through a single platform, API, and contract, Navro seeks to eliminate the complexity of dealing with multiple service providers, payment gateways, and local regulatory authorities.