National Exchange Company

What National Exchange Company does

National Exchange Company SRL is a Rome-headquartered, Italy-licensed Payment Institution (Istituto di Pagamento, registered under Article 114-septies of the Italian Banking Law) that operates a digital cross-border remittance platform serving individual senders — primarily migrant workers based in Italy — transferring funds to recipients in 90+ destination countries across Africa, Asia, Latin America, and the Middle East. The platform is delivered through a self-serve web interface and the NexPay mobile application (iOS and Android), supporting three payout rails: direct bank deposit, cash pick-up at agent locations, and mobile wallet transfer, with the latter two extending reach to unbanked recipient populations.

Under the hood, the service relies on standard digital money transfer infrastructure with phone or email OTP verification for transaction security, corridor-specific exchange rate displays, and a 999 EUR weekly per-transfer limit that triggers enhanced source-of-funds documentation (AVR form) above the threshold. The company extends its last-mile reach through an agent onboarding program and, as of April 2026, a partnership with dLocal that provides payout infrastructure across Africa, APAC, and Latin America.

The business model is a direct-to-consumer, transaction-fee remittance model: revenue is generated per transfer through a combination of explicit fees and exchange rate margin on each transaction. Customer support is staffed 24/7 in six languages, a deliberate positioning for migrant-sender demographics. The company is privately held, has not disclosed institutional funding, and reports over 1 billion cumulative secure transfers across its 25+ year operating history.

Name

National Exchange Company

Legal name

National Exchange Company SRL

Website

https://nationalexchange.it

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

251–500 employees

Short description

National Exchange Company SRL is a Rome-based Italian Payment Institution operating a digital cross-border remittance platform that lets individuals in Italy send money to 90+ countries via bank transfer, cash pick-up, or mobile wallet through its NexPay app and agent network.

Ownership category

akta.pro rank

Product category

Cross-Border Remittance / Money Transfer

SIC

Finance Services (6199)

akta.pro primary industry

Consumer P2P International Remittances (FSAGAKAA)

akta.pro secondary industries

Cross-Border & FX Payments Platforms (BPAMAFAK), Consumer Remittances (P2P) (FSAMAIAA)

Keywords

• International money transfer
• Remittance services
• Cross-border payments
• Digital remittance platform
• Migrant money transfer

Headquarters

HQ city

Rome

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Money Transfer Transaction Fees: Fees charged per transfer. Transfer limit up to 999 Euros per transfer weekly including transfer fees. For amounts over 999 Euros, additional documentation required (source of income and AVR form)

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

National Exchange Company SRL provides international money remittance services from Italy to over 90 countries across Africa, Asia, Latin America, and the Middle East. Customers can send funds via the Nex Pay mobile app, web platform, or a network of agents, with recipients able to receive money through bank deposits, cash pick-up at agent locations, or mobile wallet transfers. The service is targeted at individual remittance senders, primarily migrant workers and immigrants based in Italy, and is offered 24/7 with customer support in six languages.

Product overview

National Exchange Company SRL is a digital remittance and money transfer platform headquartered in Rome, Italy, enabling international money transfers from Italy to over 90 countries across Africa, APAC, Latin America, and beyond. The platform operates through a unified digital infrastructure comprising the NexPay mobile application (iOS/Android), complemented by three core transfer delivery services: Bank Transfer (direct deposits to recipient bank accounts), Cash Pick-Up (instant cash collection at agent locations), and Mobile Wallet Transfer (direct transfers to mobile money accounts). The company positions itself on fast, secure, and smooth money transfer experiences with 24/7 multilingual customer support.

Differentiator

Problem solved

Functional benefit

Products and services

• National Exchange Mobile App (Nex Pay) A self-serve mobile application for iOS and Android that enables users in Italy to send money online to over 90 countries within minutes, track transactions, and access transfer history from any location.
• Bank Transfer Service A remittance payout method that sends funds via direct bank transfer to major banks in recipient countries.
• Cash Pick-Up Service A remittance payout method allowing recipients to collect instant cash from numerous agent locations in countries where payouts are made.
• Mobile Wallet Transfer Service A remittance payout method that transfers funds directly to the recipient's mobile money account number within minutes.

Quantifiable outcome

• Over 1 billion secure transfers completed
• +1 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• dLocalcoreTechnology or Integration · 15 April 2026Partnership to power remittance payouts across Africa, APAC, and Latin America. dLocal provides the payout infrastructure enabling National Exchange to reach recipients through bank deposits, cash pickups, and mobile wallets in these regions.

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Western Union: Global remittance incumbent operating a large agent network and digital channels in Italy for outbound transfers to 200+ countries. Competes for the same senders from Italy but at vastly greater scale and brand recognition.
• Revolut: UK-based digital bank with a large Italian user base offering in-app international transfers. Not a specialist remittance operator, but its embedded cross-border payment feature competes for the same Italian senders moving money abroad.
• MoneyGram: Large global remittance operator with established agent footprint in Italy and digital send capabilities. Competes in the same Italy-outbound corridors, particularly to Latin America, Africa, and South Asia.

Direct peers

• Remitly: U.S.-listed digital remittance challenger focused on immigrant corridors from Europe (including Italy) to emerging markets. Direct competitor in app-based send experience and target customer base.
• Paysend: UK-headquartered digital remittance platform focused on simplified card-to-card and account transfers from Europe to emerging markets. Competes for the same digital-first migrant sender segment.
• RIA Money Transfer (Euronet): Major consumer remittance brand owned by Euronet Worldwide, with strong presence across European send markets and the same target emerging-market payout countries.
• WorldRemit: Digital-first remittance platform serving migrant senders globally, including from Europe to African and Asian corridors that overlap with National Exchange's payout markets.
• Wise (TransferWise): Cross-border payments platform offering low-cost international transfers from European send countries. While broader in use case, it competes directly for Italy-outbound personal transfers to non-euro destinations.
• Small World Financial Services: Italy-based consumer remittance specialist serving the Italian diaspora across similar emerging-market corridors. Closest direct competitor given shared send country (Italy), target customer (migrant senders), and historical operating model.

Regional players

• Poste Italiane Money Transfer: Italian postal service operator with a domestic remittance product and physical branch network across Italy. Regional incumbent competitor leveraging trusted government-backed brand to capture migrant senders in Italy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@nationalexchangecompany1496
• Facebookfacebook.com/National-Exchange-Company-SRL-242789122417154
• LinkedInlinkedin.com/company/national-exchange-company/mycompany
• Instagraminstagram.com/nationalexc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about National Exchange Company