In December 2025, the Reserve Bank of India (RBI) granted final authorisation to BRISKPE, the Prosus-backed cross-border payments platform, to operate as a Payment Aggregator-Cross Border (PA-CB) under the Payment and Settlement Systems Act, 2007 (PSS Act, 2007), enabling it to facilitate both inward and outward payment flows.
- What? RBI Granted Final Approval for PA-CB authorisation
- To whom? BRISKPE
- Category: Cross-Border Inward & Outward Payments
- Governing Law: Payment and Settlement Systems Act, 2007
About BRISKPE PA-CB Operations:
Regulatory Adherence: Robust Know Your Customer (KYC), merchant due diligence, Electronic Foreign Inward Remittance Advice/Electronic Bank Realization Certificate (e-FIRA/e-BRC) enablement.
Banking: Partners with global banks for collections and Authorised Dealer Category-I (AD Category-I) banks in India for settlements, supporting inward export collections and outward import payables up to Rs 25 lakh per transaction.
Cross-Border: Offers Account-to-Account (A2A) and Cross-border Payment Interface (XPI) products to streamline international payments, covering the full trade cycle for exporters and importers.
About BRISKPE:
Platform: Founded in 2023, BRISKPE streamlines payments with real-time tracking, virtual accounts, competitive forex, and digital onboarding.
Technology & Security: BRISKPE holds International Organization for Standardization 27001 (Information Security Management Standard) (ISO 27001); Service Organization Control 2, Type II (security and process controls audit) (SOC-II-Type-II) certifications; General Data Protection Regulation (GDPR) compliant, and Data Protection and Digital Accountability(DPDA)-ready.
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