Reserve Bank of India (RBI) has granted final authorisation to BRISKPE to operate as a Payment Aggregator – Cross Border (PA-CB) under the Payment and Settlement Systems Act, 2007. The licence allows BRISKPE to facilitate both inward and outward cross-border payment flows for Indian businesses within the RBI-regulated framework.
Key Highlights
- BRISKPE becomes one of India’s youngest fintech firms to receive PA-CB authorisation in a short timeframe.
- The authorisation covers:
- Inward cross-border collections, and
- Outward remittances / importer payables
- Positions BRISKPE as a compliant, end-to-end cross-border payments infrastructure provider for Indian exporters and importers, particularly MSMEs.
- BRISKPE is Prosus-backed, placing it among a small group of regulated entities permitted to handle:
- International collections
- Remittances on behalf of Indian businesses
- The approval aligns with RBI’s efforts to formalise regulatory oversight of cross-border payment intermediaries, replacing fragmented banking-linked arrangements with structured governance and reporting.
Significance of PA-CB Framework for Businesses & MSMEs
- Reduces operational uncertainty in international payments
- Ensures:
- Regulated payment rails
- Clear accountability in compliance and settlement
- Transparency and risk mitigation
- Supports India’s growing digital trade ecosystem
- Strengthens alignment with India’s payments governance and cross-border flow monitoring architecture
- Encourages technology-led, secure, scalable payment infrastructure for global MSME participation
About BRISKPE
- A cross-border payments platform for:
- Indian exporters
- Importers and global-trade-linked MSMEs
- Founded: 2023
- Core offerings:
- Real-time payment tracking
- Local virtual accounts
- Competitive FX
- Digital-first onboarding
- Bank-grade compliance and risk controls
- Customer base: 10,000+ MSME exporters
- Target: Cross-border transaction volume exceeding USD 1 billion by 2026
Operational & Compliance Architecture under PA-CB Authorisation
Operates through:
- Partnerships with global banks for international collections
- Authorised Dealer (AD) Category-I banks in India for settlements
Embedded compliance stack includes:
- End-to-end KYC
- Merchant due-diligence
- Real-time transaction monitoring
Platform supports:
- Digital onboarding & remittance processing
- Export reporting documents such as:
- e-FIRA
- e-BRC
With import-payment mandate activated, BRISKPE will expand from:
- Export-side collections – to Importer payable solutions
Broader Context
- PA-CB framework is emerging as a critical pillar in India’s cross-border payments regulation as digital trade volumes increase.
- The move signals a shift toward regulated, interoperable, technology-enabled infrastructure instead of legacy fragmented systems.
- Enhances trust, compliance, and ease-of-doing-business for global-facing Indian MSMEs.