Currencycloud, known for simplifying multi-currency business operations, and Pyvio, a Hong Kong-based fintech building financial services infrastructure, have announced a partnership to offer efficient and cost-effective cross-border payment solutions for Chinese e-commerce businesses operating in emerging markets.
This partnership enables Pyvio to use Currencycloud’s technology to collect and pay funds in over 180 countries and 30 currencies, including CNH and CNY.
Chinese online merchants need help managing payment collection and payouts in different markets, especially in emerging regions where infrastructure is less developed, and ensuring compliance within complex regulatory landscapes can be difficult.
By collaborating with Currencycloud, Pyvio aims to address these payment challenges and provide tailored services to each merchant according to their specific needs and preferences.
Rohit Narang
“Pyvio is a fast-growing business in an exciting space. For Chinese firms, the challenges in payment collection and payout processes are significant barriers to expansion. The solution that the Pyvio team has developed 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,”
said Rohit Narang, Managing Director of Currencycloud, APAC.
“We are very excited to partner with Currencycloud to provide a new solution for online e-commerce businesses in emerging markets. Our solution will help Chinese e-commerce merchants overcome barriers to global growth and boost their sales and revenue. We are also committed to continually improving our service,”
said Li Kai, CEO of Pyvio.
Featured image credit: Edited from Freepik