Yes Bank and BriskPay Launch "BriskPe A2A" for Seamless Cross-Border Payments in the MSME
Introduction
With the aim of empowering exporters and importers, BriskPe, a leading cross-border payments fintech company, has partnered with Yes Bank to introduce "BriskPe A2A", a suite of cutting-edge solutions. This strategic partnership marks a significant milestone in the field of cross-border payments, offering Indian businesses a seamless and efficient platform to navigate international trade complexities and enhance their global competitiveness.
Streamlined Cross-Border Payments
One of the key highlights of the BriskPe and Yes Bank partnership is the ability for BriskPe customers to effortlessly collect payments in over 36 foreign currencies from 180 countries. This wide coverage ensures that businesses can efficiently receive funds in various currencies, streamlining their cross-border transactions. Furthermore, these funds can be seamlessly converted into Indian Rupees (INR) and deposited into the local bank accounts of Indian businesses within the same business day. This eliminates the hassles and delays typically associated with traditional cross-border transactions.
Boost to Micro, Small, and Medium Enterprises (MSMEs)
The introduction of "BriskPe A2A" comes as a significant boost to micro, small, and medium enterprises (MSMEs) operating in the manufacturing and service sectors. These businesses often face challenges when engaging in international trade due to the complexities and inefficiencies of cross-border transactions. By offering a streamlined platform, BriskPe and Yes Bank aim to enhance the competitiveness of MSMEs in the global market, providing them with opportunities to expand their business horizons.
About BriskPe
Headquartered in Mumbai, India, BriskPe is a dynamic cross-border payments fintech company operating under the regulatory framework of the Reserve Bank of India's Online Payment Gateway Service Provider (OPGSP). Their mission is to revolutionize SME/SMB (small and medium-sized enterprises) payments, empowering businesses with efficient and secure cross-border payment solutions.
Conclusion
The partnership between BriskPe and Yes Bank brings forth a new era of seamless cross-border payments for Indian businesses, particularly for MSMEs. The introduction of "BriskPe A2A" offers a range of cutting-edge solutions that simplify international trade and enhance global competitiveness. By eliminating the complexities and delays associated with traditional cross-border transactions, this collaboration supports the growth and expansion of Indian businesses in the global market.
FAQs (Frequently Asked Questions)
1. How can BriskPe customers collect payments in foreign currencies?
BriskPe customers can effortlessly collect payments in over 36 foreign currencies from 180 countries through the "BriskPe A2A" platform.
2. What is the benefit of converting funds into Indian Rupees (INR)?
Converting funds into Indian Rupees (INR) allows businesses to deposit the funds directly into their local bank accounts in India within the same business day, eliminating delays and ensuring efficiency.
3. Which sectors can benefit from the "BriskPe A2A" platform?
Micro, small, and medium enterprises (MSMEs) operating in the manufacturing and service sectors can greatly benefit from the streamlined cross-border payment solutions offered by BriskPe and Yes Bank.
4. Is BriskPe regulated by the Reserve Bank of India?
Yes, BriskPe operates under the regulatory framework of the Reserve Bank of India's Online Payment Gateway Service Provider (OPGSP), ensuring compliance and security.
5. How does the partnership between BriskPe and Yes Bank enhance global competitiveness?
The partnership offers Indian businesses a seamless and efficient platform to navigate the complexities of international trade, enabling them to expand their business horizons and enhance their competitiveness in the global market.
