BRISKPE Plans to Add Payments Infra for Small Cooperative Banks, SFBs

Cross-border payments platform BRISKPE plans to add payments infrastructure for small cooperative banks and small finance banks as it aims to more than 1 lakh international transactions per month by the next fiscal-end, a top company official said.

The RBI’s in-principle approval for both export and import cross-border payments will be instrumental in driving this growth as the company can offer a digital-first, fully compliant import payment solution, Sanjay Tripathy, CEO and Co-founder, BRISKPE, said.

The PAYU-backed BRISKPE received RBI approval for facilitating cross-border payments early this year.

BRISKPE plans to add payments infrastructure for small cooperative banks and small finance banks thereby creating a one-stop ecosystem that supports MSMEs throughout their global trade journey, Tripathy said.

Global investment firm Prosus-backed BRISKPE aims to facilitate over 1,00,000 international transactions per month by next financial year end.

Currently, the platform receives 50% of its revenue from small B2B goods exporters. The increase in monthly transactions will help the company to diversify its revenue with new value-added services and drive strong, sustainable growth, the CEO said.