BriskPe Taps Currencycloud to Boost Payment Options for Indian MSMEsby Fintech News Singapore December 5, 2023
Mumbai-based fintech company BriskPe has tied up with Currencycloud, a provider of B2B embedded cross-border solutions, to expand its customers’ payment options.
This partnership is set to facilitate international business opportunities for India’s micro, small, and medium-sized enterprises (MSMEs), offering access to a broad range of cross-border payment solutions in more than 35 currencies.
The collaboration is aimed at providing Indian businesses with competitive foreign exchange rates and more efficient payment processes.
By integrating Currencycloud’s APIs, BriskPe will enable local account-based collections in key global markets, including the UK, EU, Canada, and the USA. This integration is expected to simplify the collection, conversion, and payment process for Indian MSMEs.
The partnership also offers an expanded collection service with named virtual accounts will significantly help India’s MSMEs collect globally by facilitating easier, more diverse payment methods.
These businesses will be able to receive international earnings directly into their India-based bank accounts within a single business day due to automated, fast, error-free reconciliation processes.
Sanjay Tripathy, Co-founder and CEO BriskPe said,
“Our collaboration with Currencycloud aligns perfectly with our mission to eliminate the complexities associated with international collections for MSMEs by simplifying international payments.
What’s more, Currencycloud’s enhanced scalability allows us to deliver value to our clients without compromising on service quality.”
Rohit Narang, Managing Director of APAC, at Currencycloud said,
“We are delighted to work with BriskPe and help facilitate its expansion in the international cross-border payment landscape.
We look forward to working with them as they continue to enable India’s often under-represented businesses to thrive on the global stage.”