Yes Bank And BriskPe Partner To Enable Seamless Cross-Border Payments For MSMEs
In a groundbreaking collaboration, BriskPe, a pioneering cross-border payments FinTech company, has teamed up with YES BANK to introduce “BriskPe A2A,” a cutting-edge suite of solutions designed to empower exporters and importers. This strategic partnership marks a significant milestone in the realm of cross-border payments, offering a seamless and efficient platform for Indian businesses to navigate the complexities of international trade and bolster their global competitiveness.
One of the key highlights of this partnership is the ability for BriskPe’s customers to seamlessly collect payments in over 36 foreign currencies, spanning across more than 180 countries. These 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 streamlined process eliminates the hassles and delays associated with traditional cross-border transactions, providing a much-needed boost to Micro, Small, and Medium Enterprises (MSMEs) operating in the manufacturing and services sectors.
YES BANK is a full-service commercial bank that provides a complete range of products, services, and technology-driven digital offerings, catering to retail, MSME, and corporate clients. Headquartered in Mumbai, it has a Pan-India presence, including an IBU at GIFT City and a Representative Office in Abu Dhabi. YES BANK operates its investment banking, merchant banking, and brokerage businesses through YES SECURITIES, a wholly-owned subsidiary of the Bank.
Headquartered in Mumbai, India, BriskPe operates within the regulatory framework of RBI’s OPGSP (Online Payment Gateway Service Providers). It’s a dynamic cross-border payments fintech enterprise with a mission to revolutionize (Small and medium-sized enterprises) SME/SMB ( small-to-medium sized business) payments. BriskPe is unwavering in its commitment to enhancing accessibility, tracking, and compliance. Offering pioneering solutions and a robust support ecosystem, it empowers enterprises and reshapes the cross-border payments landscape. This steadfast commitment enables Indian exporters to achieve unprecedented success on the global stage by simplifying and improving foreign exchange remittances for MSMEs.
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