Yes Bank and BriskPe partner to enable seamless cross-border payments for MSMEs

Cross-border payments’ fintech company BriskPe 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 collect payments in over 36 foreign currencies, spanning over more than 180 countries. The funds can then be 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) in the manufacturing and services sectors.

Talking about the partnership, Ajay Rajan, Country Head – Digital and Transaction Banking at Yes Bank said in a statement, “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.”
The partnership boasts of serving as an efficient platform for Indian exporters to navigate the complexities of international trade and bolster their global competitiveness.

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