Remittances & Cross-Border Payouts
The pain points are well known
- High fees: Transfers often carry fees of 6–25%, pricing out lower-income users and leaving little room for provider margins.
- Slow settlement: Funds can take days to clear, depending on the corridor and intermediaries involved.
Fragmented infrastructure: Every payout requires local partners, correspondent banks, and cash-out networks, complex to maintain and costly to expand.
Limited control: Traditional rails dictate FX spreads, settlement times, and customer experience, leaving providers with little room to innovate.
For LATAM businesses, this means revenue leaks to middlemen, compliance overhead increases, and customer trust erodes when payments don’t arrive fast enough.
The NAKA solution
With NAKA, you can issue virtual, (self)custodial Visa payment cards directly linked to stablecoin rails and accepted through the global EMV network. Funds move instantly, bypassing correspondent banks and settlement delays. A user in El Salvador can receive their salary or remittance in USDT and spend it the same second at their local grocery store, withdraw cash at an ATM, or save it securely on their phone.
For providers, the advantages are clear
- Capture more revenue by setting your own fee structures and reducing dependency on intermediaries.
- Brand ownership through fully customizable virtual cards embedded in your app or platform.
- Operational efficiency by cutting out multiple layers of banks, FX handlers, and agents.
- Scalable expansion into new corridors without building costly local partner networks.
- Enhanced customers’ loyalty - Providers can layer on DeFi-powered yield, savings, or insurance products, as well as loyalty and rewards programs linked directly to the card, enhancing both customer experience and revenue potential over time.
By replacing outdated infrastructure with a direct-to-user payout model, remittance providers turn a low-margin, compliance-heavy business into a scalable growth engine, delivering faster, cheaper, and more reliable services while owning the rails themselves.