narvi.com

What It Is

Narvi Payments Oy Ab is an electronic money institution (EMI) based in Finland and regulated by the Finnish Financial Supervisory Authority (FIN-FSA). Its core products are online business accounts, dedicated IBANs, SEPA/SEPA Instant, SWIFT cross-border payments, and Banking-as-a-Service infrastructure that can be embedded into third-party products.

Core Capabilities

In terms of payment methods, Narvi supports SEPA Credit Transfer, SEPA Instant, and SWIFT. SEPA Instant enables 24/7 euro settlement in seconds, while SWIFT supports payouts to 100+ countries in 75+ currencies, with incoming payments supported in EUR, USD, and GBP. On the BaaS side, Narvi can integrate IBANs, SEPA, SWIFT, and onboarding through a single REST API, and provides Node.js and Python libraries plus real-time Webhooks. From a compliance perspective, its EMI license is granted by Finland’s FIN-FSA and passported across the EEA, making it suitable for fintechs, platforms, and PSPs that want to operate in Europe without obtaining their own license.

Pricing and Compliance

Narvi uses tiered and custom pricing, covering European Startups, International Companies, Medium Risk, High Risk, and Enterprise Customers. Fees include a one-time account opening fee, monthly fees, minimum balance requirements, and transaction fees; internal Narvi transfers cost €1 per transaction, while SWIFT payments may incur additional correspondent bank fees. More complex or enterprise-level customers need to complete a compliance review before receiving an accurate quote. Narvi also provides support for KYC/KYB, identity verification, transaction monitoring, and reporting configuration.

Pros and Cons

The advantages are clear licensing, strong European coverage, complete payment rails and API capabilities, and an explicit willingness to serve industries that often struggle to secure banking partnerships, such as crypto/Web3, PSPs, and marketplace platforms. The downsides are that publicly available fee details are not very granular, and SWIFT costs and standard settlement times are not disclosed; Medium Risk and High Risk accounts also do not support C2B/B2C payments, which creates boundaries around suitable use cases.

Who It’s For and Access from China

Narvi is best suited for companies that need European IBANs, euro clearing, embedded accounts, or cross-border corporate money flows—especially fintechs, neobanks, SaaS companies, marketplace platforms, and compliant crypto businesses. The provided material does not specify accessibility from mainland China, so it is considered unknown. If access is not stable, alternatives to compare include Wise Business, Revolut Business, N26 Business, or other European BaaS/business banking solutions.