YES BANK & BriskPe to deliver cross-border payments for Indian MSMEs
By Gloria Mathias
BriskPe, a cross-border payments FinTech company, and YES BANK have partnered to introduce BriskPe A2A, a suite of solutions designed to empower exporters and importers.
This strategic partnership enables BriskPe’s customers to seamlessly collect payments in over 36 foreign currencies, spanning more than 180 countries. The funds can then be efficiently converted into Indian Rupees (INR) and settled directly into their local bank accounts in India within a single business day.
This collaboration represents a significant leap in the realm of cross-border payments, benefiting Micro, Small, and Medium Enterprises (MSMEs) operating in the manufacturing and services sectors.
Ajay Rajan, Country Head – Digital and Transaction Banking at YES BANK, said, “The product built through the collaboration between YES BANK and BriskPe is a testament to the Bank’s commitment to innovation and fostering export growth. Based on YES BANK’s OPGSP Export APIs, the product is set to redefine the landscape of international trade with features like real-time transaction processing and instant eFIRA generation. Through this, the bank also aims to contribute and strongly align with the government’s aim of boosting the MSME sector and transforming India into a Global export powerhouse.
Sanjay Tripathy, Co-founder & CEO of BriskPe, added, “BriskPe is at the forefront of driving transformative change in the cross-border payments landscape, reimagining how Indian MSMEs engage in global trade. Our suite of solutions goes beyond merely enhancing efficiency; it aims to empower Indian businesses to thrive on the international stage. Our collaboration with YES BANK, coupled with their digital banking capabilities, will play a pivotal role in achieving our mission of propelling India’s export expansion by offering cost-effective and top-tier payment solutions.”
This partnership signifies a new era in cross-border payments, providing a seamless and efficient platform for Indian exporters to navigate the complexities of international trade and bolster their global competitiveness.
Headquartered in Mumbai, India, BriskPe operates within the regulatory framework of RBI’s OPGSP. It’s a dynamic cross-border payments fintech enterprise with a mission to revolutionise SME/SMB payments. BriskPe is unwavering in its commitment to enhancing accessibility, tracking, and compliance. The beta launch marks the first step toward a more interconnected future in global trade.
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December 08, 2023
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December 08, 2023