Currencycloud and BriskPe Collaborate to Empower India’s MSMEs
In a significant move that promises to revolutionise cross-border payment options for India’s Micro, Small, and Medium-sized Enterprises (MSMEs), Currencycloud, a leading provider of B2B embedded cross-border solutions, has joined forces with Mumbai-based fintech company BriskPe. This partnership is set to expand the horizons for Indian businesses, offering them a wide array of cross-border payment solutions and access to over 35 currencies, all at competitive exchange rates.
Exciting news! BRISKPE has partnered with Currency Cloud to supercharge international business for India-based MSMEs! This partnership is already unlocking a world of international business opportunities for our customers. https://t.co/FcLhfNHz4g
For India’s vibrant MSME sector, this collaboration between Currencycloud and BriskPe represents a game-changer. By integrating Currencycloud’s robust APIs, BriskPe can tap into local account-based collections in strategic markets such as the UK, EU, Canada, and the USA. This integration streamlines the process of collecting, converting, and making payments, making it simpler and more efficient.
One of the standout features of this collaboration is the introduction of named virtual accounts in the enhanced collection service. This development offers a substantial advantage to India’s MSMEs by simplifying global collections through various payment methods. It eliminates the complexities traditionally associated with international collections, enabling businesses to focus on their growth aspirations.
Automated Efficiency and Swift Reconciliation
With the added benefit of an automated, swift, and error-free reconciliation process, Indian companies can access their funds promptly and seamlessly. Furthermore, they can receive international earnings directly into their Indian bank accounts within a business day. This swift access to funds enhances financial liquidity and allows businesses to concentrate on realising their growth potential.
Sanjay Tripathy, Co-founder and CEO of BriskPe, expressed his enthusiasm about this collaboration, stating, “Our collaboration with Currencycloud aligns perfectly with our mission to eliminate the complexities associated with international collections for MSMEs by simplifying international payments. Moreover, Currencycloud’s enhanced scalability allows us to deliver value to our clients without compromising service quality.”
A Mutual Vision for Growth
Partnership opens the doors to international trade for India’s micro and small businesses.We're pleased to announce our partnership with Mumbai-based cross-border payments Fintech, BriskPe, to expand their customers’ payment options.
Rohit Narang, Managing Director of APAC at Currencycloud, also voiced his excitement about the partnership, saying, “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 enabling India’s often under-represented businesses to thrive globally.”
In a world where seamless cross-border transactions are increasingly crucial for businesses of all sizes, this collaboration between Currencycloud and BriskPe promises to be a beacon of hope for India’s MSMEs. It simplifies international payments and empowers these businesses to tap into the global marketplace, making India’s presence felt on the global stage.
As we move forward, it is clear that this partnership is poised to significantly impact India’s business landscape, marked by increased efficiency, accessibility to international markets, and a brighter future for MSMEs across the nation.
