Nova Poshta companions with Clear Junction to streamline its cross-border funds

Clear Junction has began servicing the fee arm of Nova Poshta (Ukraine)
The partnership is indicative of Clear Junction’s curiosity in increasing its companies globally

31/05/2022: Clear Junction has just lately introduced it’s offering a variety of cross-border funds companies to NovaPay, the fee arm of one of many main retail logistics manufacturers within the Ukraine.

The Nova Poshta group is a serious postal and courier firm that gives specific supply companies for people and companies. Its headquarters are in Ukraine, however in recent times it has expanded into Moldova.

Clear Junction logo

Clear Junction brand

NovaPay is the Nova Poshta group’s fee arm and Clear Junction’s partnership with them will assist facilitate cross-border funds between Ukraine and the remainder of the world. In keeping with the Nationwide Financial institution of Ukraine, within the first half of 2021 NovaPay had a number one share in 40% of the native cash switch market, with a complete of three,600 places operated in NovaPoshta retailers. Clear Junction has labored to determine probably the most appropriate funds options and has offered NovaPay with a correspondent account for its accounts receivables in euros.

“We assist the event of commerce between Ukraine and European international locations and we wish each the parcel supply from overseas and the fee for them to be as handy and quick as attainable,” says Andriy Kryvoshapko, CEO of NovaPay. “It will be significant for us to be a dependable enterprise accomplice and due to this fact we started working with Clear Junction. This may enable us to enhance settlements with senders of parcels from EU international locations.”

“Clear Junction is proud so as to add the Nova Poshta Group to its listing of our purchasers in Ukraine,” says Dima Kats, Chief Government of Clear Junction. “We see this as a really logical step for us, particularly contemplating the army actions in Ukraine which have induced main disruption to the present logistics infrastructures. We wish to participate within the facilitation of the additional enlargement of the financial and enterprise ties between Ukraine and the European Union.”

Clear Junction’s service provision in Ukraine and Moldova helps exhibit the significance of economic establishments from that area working with a world funds options supplier with routes into international locations all over the world. NovaPay’s partnership with Clear Junction will present many advantages for Nova Poshta’s purchasers, however may also improve the capabilities of the enterprise.

About Clear JunctionClear Junction is a world monetary firm that gives end-to-end regulated digital cash and funds options based mostly on proprietary in-house know-how. As a supplier of correspondent accounts and a accomplice of main monetary establishments and know-how suppliers, Clear Junction allows monetary establishments to achieve management over their cross-border fee assortment and remittance processes.

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About Nova PoshtaNova Poshta is a non-public Ukrainian postal and courier firm, the chief of the logistics Ukrainian market that gives specific supply of paperwork, freight and parcels for people and companies. The corporate delivers shipments by greater than 8700 branches, 7000 lockers and to the tackle. In 2021 Nova poshta delivered over 372 million shipments all through the nation.

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About NovaPayNovaPay is a monetary division of the Nova Poshta group which manages all its home and worldwide fee actions. It operates a fee system registered with the Nationwide Financial institution of Ukraine.

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