BRISKPE gets RBI approval for regulated cross-border payments

By Vriti Gothi

The Reserve Bank of India has granted BRISKPE final authorisation to operate as a Payment Aggregator–Cross Border (PA-CB) under the Payment and Settlement Systems Act, 2007, allowing the FinTech to facilitate both inward and outward cross-border payment flows within the regulator’s framework.

The approval places BRISKPE, a Prosus-backed cross-border payments platform, among a small and growing group of regulated entities permitted to handle international collections and remittances on behalf of Indian businesses. The move comes as the RBI continues to formalise oversight of cross-border payment intermediaries, an area that has historically relied on complex banking arrangements and patchwork compliance models.

For Indian exporters and importers particularly MSMEs—the authorisation is expected to reduce operational uncertainty by enabling international payments on regulated rails, with clearer accountability around compliance, settlement and reporting. The PA-CB regime is designed to strengthen transparency, mitigate risk and align cross-border flows with India’s broader payments governance framework.

Founded as a cross-border payments specialist, BRISKPE currently serves more than 10,000 customers, the majority of whom are MSME exporters. The company said it is targeting transaction volumes exceeding $1 billion by the end of 2026, driven by deeper participation across the trade lifecycle.

The FinTech said its PA-CB operations are structured around partnerships with global banks for collections and authorised dealer category-I banks in India, supported by end-to-end KYC, merchant due diligence and real-time transaction monitoring. Its platform also supports digital onboarding, remittance processing and export-related reporting such as e-FIRA and e-BRC.

With the import payments mandate now active, BRISKPE plans to expand its offering beyond export collections to cover importer payables. According to Indunath Chaudhary, co-founder and chief operating officer, the focus is on completing the full trade cycle and addressing gaps left by legacy banking processes. “Businesses that can’t afford payment delays need outward payments to be as smooth, transparent and controlled as inward flows,” he said.

As India’s digital trade volumes continue to grow, the RBI’s PA-CB framework is emerging as a critical regulatory layer for cross-border payments. BRISKPE’s authorisation signals a broader shift towards regulated, technology-led infrastructure aimed at supporting MSMEs as they participate more actively in global commerce.