UK Payment Systems Regulator Unveils Bold New Strategy for 2023

Mswipe Expands into the UK Market with Strategic Cashflows Partnership

Mumbai-based Mswipe is set to revolutionize payment services by expanding its operations into the UK market. With a network of 800,000 merchants in India, Mswipe will utilize Cashflows’ UK acquiring licence to streamline its operations, including merchant onboarding, pricing, settlement terms, and payment processing, all powered by its proprietary technology.

Strategic Partnership: Mswipe and Cashflows

This partnership marks a significant milestone for both companies. The acquiring BIN sponsorship model will enable Mswipe to focus on merchant acquisition and management, while Cashflows will ensure regulatory compliance and efficient financial flow. This collaboration is designed to break down barriers for entry into the UK market.

Benefits of the Partnership

  • Regulatory Compliance: Cashflows will handle the complexities of compliance, allowing Mswipe to concentrate on growth.
  • Cost-Effective Market Entry: The partnership reduces the time and costs typically associated with entering a new market.
  • Enhanced Technology: Mswipe will leverage its existing technology to create a seamless payment ecosystem.

Hannah Fitzsimons, CEO of Cashflows, emphasized the significance of this collaboration, stating, “This partnership is a game-changer. We’re breaking new ground by offering Mswipe the ability to function as an acquirer in the UK without the substantial time, cost, and regulatory hurdles typically associated with market entry.”

Future Prospects for Mswipe in the UK

Manish Patel, Managing Director of Mswipe, expressed his enthusiasm for the collaboration, saying, “Through this strategic partnership, we are committed to leveraging our robust technology platform to create a seamless payment ecosystem that empowers businesses in the UK.”

As Mswipe embarks on this new journey, the company aims to provide innovative payment solutions that will benefit merchants and consumers alike. For more information on payment services and market expansion strategies, visit Finextra or PaymentsSource.

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