Mumbai, Jul 12 (PTI) 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 per cent 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. PTI HG MR MR

Regulatory approval enables expansion of cross-border payments infrastructure for small banks, supporting MSME trade and services. BRISKPE received in-principle regulatory approval to facilitate export and import cross-border payments, enabling a digital-first, compliance-oriented import payment solution. The company will add payments infrastructure for small cooperative banks and small finance banks to form a one-stop ecosystem for MSMEs engaged in global trade, expand transaction volumes, and diversify revenue via value-added services.