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

  • Clear Junction has began servicing the cost 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 lately introduced it’s offering a spread of cross-border funds companies to NovaPay, the cost arm of one of many main retail logistics manufacturers within the Ukraine.

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

Clear Junction logo

Clear Junction brand

NovaPay is the Nova Poshta group’s cost 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 essentially 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 would like each the parcel supply from overseas and the cost for them to be as handy and quick as attainable,” says Andriy Kryvoshapko, CEO of NovaPay. “It will be important for us to be a dependable enterprise associate and subsequently 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 record 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 navy actions in Ukraine which have precipitated main disruption to the prevailing logistics infrastructures. We want to participate within the facilitation of the additional growth of the financial and enterprise ties between Ukraine and the European Union.”

Clear Junction’s service provision in Ukraine and Moldova helps display the significance of economic establishments from that area working with a worldwide 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 will even improve the capabilities of the enterprise.

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

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About Nova Poshta
Nova Poshta is a personal 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 via greater than 8700 branches, 7000 lockers and to the handle. In 2021 Nova poshta delivered over 372 million shipments all through the nation.

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

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