Guest Post By
Staff Writers Information Technology Markets 2024-05-30
New deal will help growing businesses transact seamlessly in diverse and emerging markets
Currencycloud, experts in simplifying business in a multi-currency world, and Pyvio (Hong Kong), the fintech innovator building ‘Glocal’ financial services infrastructure, have announced a groundbreaking partnership. This collaboration promises efficient and cost-effective cross-border payment solutions tailored for Chinese e-commerce businesses operating in emerging markets.
Through this partnership, Pyvio will leverage Currencycloud’s advanced technology to manage collections and disbursements in over 180 countries and more than 30 currencies, including CNH and CNY. This move addresses a significant pain point for Chinese online merchants: the complex and often cumbersome payment collection and payout processes in diverse markets, especially in regions where infrastructure is underdeveloped and regulatory landscapes are intricate.
The synergy between Currencycloud and Pyvio is set to transform how Chinese e-commerce businesses navigate these challenges. Pyvio aims to enhance its business strategy by partnering with top-tier licensed financial institutions to provide bespoke payment solutions that meet the unique needs of each merchant.
Rohit Narang, Managing Director of Currencycloud APAC, commented on the partnership, stating, “Pyvio is a fast-growing business in an exciting space. For Chinese firms, the challenges they face in the payment collection and payout process are a real blocker to expansion – so the solution that the Pyvio team has built is much needed.
This partnership will help the Pyvio team further disrupt the online e-commerce payment landscape in emerging markets, and we look forward to being on that journey with them.”
Li Kai, CEO of Pyvio, expressed enthusiasm about the collaboration: “We are very excited to partner with Currencycloud as a new solution for online e-commerce businesses in emerging markets. Our solution will help Chinese e-commerce merchants overcome the barriers and challenges to global growth and boost their sales and revenue.
We are also committed to constantly improving our service and adding more features and functions to meet the evolving needs and demands of our customers.”
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