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Mumbai-based fintech Mswipe is making its entry into the UK market through a strategic partnership with Cashflows, leveraging an acquiring BIN sponsorship model to establish its presence.
Mswipe, which currently serves 800,000 merchants in India, will utilize Cashflows’ UK acquiring license to operate as an acquirer. This enables Mswipe to manage merchant onboarding, pricing, settlement terms, and transaction processing using its proprietary technology while relying on Cashflows for regulatory compliance and financial infrastructure.
The acquiring BIN sponsorship model simplifies Mswipe’s market entry by allowing the company to focus on merchant acquisition and management, while Cashflows ensures regulatory compliance and facilitates seamless financial transactions.
A Seamless Path to UK Market Entry
Cashflows CEO Hannah Fitzsimons described the partnership as a game-changer, stating:
“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.”
Echoing this sentiment, Manish Patel, Managing Director of Mswipe, emphasized the company’s commitment to leveraging its robust technology platform to create a seamless payment ecosystem for UK businesses.
With this collaboration, Mswipe is poised to enhance the UK payment landscape, offering businesses an efficient and compliant digital transaction solution while expanding its global footprint in the fintech space.
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