BriskPe and YES BANK partners for Cross-Border Transactions

Table of content

A Groundbreaking Collaboration for Cross-Border Transactions

Cross-Border Transactions: In a momentous partnership, BriskPe, a trailblazing cross-border payments FinTech company, has joined hands with YES BANK to unveil “BriskPe A2A,” an innovative suite of solutions designed to empower exporters and importers. This strategic alliance marks a significant milestone in the domain of cross-border payments, providing a seamless and efficient platform for Indian businesses to navigate the intricacies of international trade and bolster their global competitiveness.

Download August 2024 BOLT PDF (Current Affairs)

Streamlined Cross-Border Transactions

One of the standout features of this collaboration is the capacity it grants to BriskPe’s customers to effortlessly collect payments in over 36 foreign currencies, spanning across more than 180 countries. These funds can then be swiftly converted into Indian Rupees (INR) and seamlessly settled directly into their local Indian bank accounts within a single business day. This streamlined process eliminates the complexities and delays associated with traditional cross-border transactions, offering a substantial boost to Micro, Small, and Medium Enterprises (MSMEs) operating in both the manufacturing and services sectors.

Introducing YES BANK

YES BANK stands as a full-service commercial bank, offering a comprehensive array of products, services, and technology-driven digital solutions catering to diverse clientele segments, including retail, MSMEs, and corporate clients. With its headquarters located in Mumbai, YES BANK boasts a widespread presence across India, including an IBU at GIFT City and a Representative Office in Abu Dhabi. The bank conducts its investment banking, merchant banking, and brokerage activities through YES SECURITIES, a wholly-owned subsidiary of the institution.

Insights into BriskPe

BriskPe, headquartered in Mumbai, operates within the regulatory framework of RBI’s OPGSP (Online Payment Gateway Service Providers). It serves as a dynamic cross-border payments fintech enterprise, dedicated to revolutionizing SME/SMB payments. Focused on enhancing accessibility, tracking, and compliance, BriskPe offers pioneering solutions and a robust support ecosystem that empowers enterprises and reshapes the cross-border payments landscape. This unwavering commitment enables Indian exporters to attain unprecedented success on the global stage by simplifying and enhancing foreign exchange remittances for MSMEs.

With this strategic partnership, BriskPe and YES BANK are poised to usher in a new era of international trade for Indian businesses, propelling growth and competitiveness on a global scale.

Priti Palit

Priti Palit, an accomplished edtech writer, boasts a wealth of experience in preparing candidates for multiple government exams. With a passion for education and a keen eye for detail, she has contributed significantly to the field of online learning. Priti’s expertise and dedication continue to empower aspiring individuals in their pursuit of success in government examinations.

Oliveboard Live Courses & Mock Test Series