Press Release

YES BANK and BriskPe partner to Revolutionise Cross-Border Payments for Indian MSMEs

This partnership marks a major milestone in cross-border payments, benefiting MSMEs in manufacturing and services sectors.

BriskPe, a pioneering cross-border payments FinTech company, and YES BANK, have partnered to introduce BriskPe A2A, a cutting-edge suite of solutions designed to empower exporters and importers. This strategic partnership enables BriskPe’s customers to seamlessly collect payments in over 36 foreign currencies, spanning across more than 180 countries. The 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 collaboration represents a significant leap in the realm of cross-border payments, benefiting Micro, Small, and Medium Enterprises (MSMEs) operating in the manufacturing and services sectors.

Talking about the partnership, Mr. Ajay Rajan, Country Head – Digital and Transaction Banking at YES BANK, said, “The product built through the collaboration between YES BANK and BriskPe is a testament to the Bank’s commitment to innovation and fostering export growth. Based on YES BANK’s OPGSP Export APIs, 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.”

Mr. 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. Our collaboration with YES BANK, coupled with their digital banking capabilities, will play a pivotal role in achieving our mission of propelling India’s export expansion by offering cost-effective and top-tier payment solutions.”

This partnership signifies a new era in cross-border payments, providing a seamless and efficient platform for Indian exporters to navigate the complexities of international trade and bolster their global competitiveness.

About YES BANK

YES BANK is a full-service commercial bank providing a complete range of products, services, and technology-driven digital offerings, catering to retail, MSME, and corporate clients. YES BANK operates its investment banking, merchant banking, and brokerage businesses through YES SECURITIES, a wholly-owned subsidiary of the Bank. Headquartered in Mumbai, it has a Pan-India presence including an IBU at GIFT City and a Representative Office in Abu Dhabi.

For more information, please visit the Bank’s website at http://www.yesbank.in/

Follow YES BANK on Twitter @YESBANK

About BriskPe:

Headquartered in Mumbai, India, BriskPe operates within the regulatory framework of RBI’s OPGSP. It’s a dynamic cross-border payments fintech enterprise with a mission to revolutionise SME/SMB payments. BriskPe is unwavering in its commitment to enhancing accessibility, tracking, and compliance. The beta launch marks the first step toward a more interconnected future in global trade. 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. For more details, visit BriskPe or follow them on LinkedIn.

Leave a Response