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BRISKPE gets RBI in-principle authorisation for cross-border payments
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....RISKPE gets RBI in-principle authorisation for cross-border payments<BR>News and Press Release<BR>Dated:- 12-3-2025<BR>PTI<BR>Mumbai, Mar 12 (PTI) Global investment firm Prosus-backed BRISKPE on Wednesday said it has received the RBI's in-principle authorisation to operate as a payment aggregator for cross-border (PA-CB) transactions. The authorisation enables BRISKPE to operate as a dedicated PA....
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....-CB for both exports and imports under the Payment and Settlement Systems Act, 2007, BRISKPE CEO Sanjay Tripathy, said. As one of the first platforms to solely focus exclusively on cross-border payments, BRISKPE aligns with the RBI’s updated regulatory framework introduced in October 2023, the company said. “With this approval, BRISKPE is equipped to provide seamless solutions for businesses ....
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....struggling with inefficient international payment systems,” it added. The platform currently processes 10,000 transactions in a month for its export-oriented services and with imports coming in, it expects it to go up to 1 lakh transactions by end of next financial year. “Receiving the RBI’s in-principle PA-CB authorisation, especially encompassing both exports and imports, is a transforma....
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....tive moment for BRISKPE and Indian businesses engaged in global trade,” Tripathy said. The RBI’s PA-CB framework is designed to fortify the security and transparency of cross-border transactions, ensuring that only robust and compliant entities operate within this critical space. PTI HG MR<BR> News - Press release - PIB....