Pyvio and Currencycloud will provide seamless cross-border payments for Chinese e-commerce companies

Currencycloud, experts simplifying business in a multi-currency world, and Pyvio (Hong Kong), a fintech building the “Glocal” financial services infrastructure, announced a partnership offering efficient and cost-effective cross-border payment solutions for Chinese e-commerce companies operating in emerging markets.

The partnership will enable Pyvio to leverage Currencycloud’s technology to collect and withdraw funds in over 180 countries and in over 30 currencies, including CNH and CNY.

One of the main challenges facing Chinese online sellers is the process of collecting and disbursing payments in various markets, especially in emerging regions where infrastructure is not well developed and ensuring payment compliance can be challenging in a complex regulatory environment.

By partnering with Currencycloud, Pyvio intends to build on its core business strategy of leveraging best-in-class partnerships with other licensed financial institutions to address payment challenges and provide tailored services to each merchant, in line with their specific needs and preferences.

Rohit Narang, Managing Director of Currencycloud APAC, said: “Pyvio is a rapidly growing company in an exciting space. For Chinese companies, the challenges they face in the process of collecting and disbursing payments are a real obstacle to development – which is why the solution that the Pyvio team has built is very much needed.

“This partnership will help the Pyvio team continue to disrupt the online e-commerce payment landscape in emerging markets, and we look forward to joining them on this journey.”

Li Kai, CEO of Pyvio, said: “We are very excited to partner with Currencycloud as a new solution for online e-commerce companies in emerging markets.”

“Our solution will help Chinese e-commerce sellers overcome the barriers and challenges to global growth and increase sales and revenue. We are also committed to continually improving our services and adding more features to meet the evolving needs and demands of our customers.”