In an unprecedented collaboration, BriskPe, a cutting-edge fintech firm specializing in cross-border payments, has partnered with YES BANK to introduce “BriskPe A2A.” This visionary suite of solutions is designed to empower exporters and importers, marking a momentous milestone in the world of cross-border transactions. It provides a seamless and efficient platform for Indian businesses to navigate the complexities of international trade, boosting their global competitiveness.
A key highlight of this partnership is BriskPe’s ability to enable its customers to effortlessly collect payments in more than 36 foreign currencies, spanning across over 180 countries. These funds can then be efficiently converted into Indian Rupees (INR) and swiftly deposited 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, delivering a much-needed boost to Micro, Small, and Medium Enterprises (MSMEs) in the manufacturing and services sectors.
YES BANK, headquartered in Mumbai, is a full-service commercial bank offering a comprehensive range of products, services, and digital solutions tailored to retail, MSME, and corporate clients. It has a nationwide presence, including an International Banking Unit at GIFT City and a Representative Office in Abu Dhabi. YES BANK conducts its investment banking, merchant banking, and brokerage activities through YES SECURITIES, a wholly-owned subsidiary of the Bank.
Headquartered in Mumbai, India, BriskPe operates within the regulatory framework of the Reserve Bank of India’s Online Payment Gateway Service Providers (OPGSP). It’s a dynamic fintech enterprise specializing in cross-border payments with a mission to revolutionize SME/SMB payments. BriskPe remains steadfast in its commitment to enhancing accessibility, tracking, and compliance. By offering pioneering solutions and a robust support ecosystem, it empowers enterprises and reshapes the cross-border payments landscape. This unwavering dedication enables Indian exporters to attain unprecedented success on the global stage by simplifying and improving foreign exchange remittances for MSMEs.
Key figures in this collaboration include Mr. Ajay Rajan, Country Head – Digital and Transaction Banking at YES BANK, and Mr. Sanjay Tripathy, Co-founder & CEO of BriskPe, with overall guidance and leadership from Prashant Kumar, MD & CEO of YES Bank.