Global payments
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Briskpe is a Mumbai-based fintech platform launched in 2023, aiming to simplify cross-border payments for Indian micro, small, and medium enterprises (MSMEs), freelancers, exporters, and service providers. By integrating account-to-account (A2A) transfers, card collections facilitated by PayU, and wallet-based collections payment via PayPal, Briskpe provides a consolidated approach to the widely differing needs of Indian enterprises involved in cross-border trade.
By addressing common challenges like high forex fees and regulatory challenges, Briskpe can cut down the cost of going global for India businesses.
Let's review this platform in detail here.
Briskpe Platform Overview
Briskpe, founded in 2023 and based out of Mumbai, provides cross-border payment options for Indian micro, small, and medium-sized enterprises (MSMEs) and freelancers. The platform wants to make it easier for global financial transactions by its incorporation of regulatory compliance, advanced technology, and user-friendly interfaces.
Briskpe has got in-principle approval by the Reserve Bank of India (RBI) to function as a Cross-Border Payment Aggregator (PA-CB), empowering it to provide exporters and importers with a frictionless experience.
Supported Transaction Types
Briskpe supports a variety of transaction methods to meet diverse business requirements:
Account-to-Account (A2A) Transfers: Facilitates direct bank transfers, allowing businesses to receive payments in six major currencies—USD, GBP, EUR, CAD, AUD, and SGD.
Card-Based Collections: Enables businesses to accept payments via credit and debit cards powered by PayU.
Wallet-Based Collections: Supports transactions through PayPal, providing flexibility for international clients.
SWIFT Transfers: Allows international payments in over 30 currencies, expanding the reach for global transactions.
These multiple transaction options position Briskpe as a comprehensive solution for Indian businesses participating in international trade.
Key Features of Briskpe
Features of Briskpe are as follows:
1.Payment Links & QR Codes
Briskpe provides a platform to generate personalised payment links that can be sent out via email, SMS, or printed as QR codes. These URLs are multicurrency and can have invoice attachments so you can process international payments very easily.
2.Bulk Payouts & Payroll
Briskpe's bulk payout feature lets employers and businesses make numerous payments at one go, streamlining vendor payments and payroll. The platform has a swift payment transfer system and allows you to pay within 24 hours; all payment transactions are transparent, with no hidden fees.
3.Invoicing & GST Reporting
Briskpe provides tools for creating professional invoices which are in line with international standards. The solution also supports GST reporting, enabling businesses to handle tax obligations seamlessly.
4.API Integrations
Briskpe provides RESTful APIs that developers can use to plug into an existing system. They are supported by APIs to provide transaction processing and inquiry capabilities, and automation and customisation.
5.Dashboard & Analytics
The easy to use dashboard provides customers the ability to track their transactions and cash flow in real-time and provides sophisticated reporting tools to help businesses make informed financial decisions.
6.Compliance & Security Measures
Briskpe adheres to strict compliance standards, including AML and KYC regulations, and has obtained ISO 27001 and SOC 2 Type 2 certifications. Such measures protect the data and transactions of the users in real time, while being compliant with their legislation.
Pricing Structure of Briskpe
For account-to-account transfers, BriskPe charges a tiered flat fee plus 18% GST, with no FX markup and no charge for e-FIRA. Payment links cost more because they run through card and PayPal rails.
Charge | Amount |
Account transfer up to $2,000 | $16 flat + 18% GST |
Account transfer above $2,000 and up to $10,000 | $25 flat + 18% GST |
Account transfer above $10,000 | 0.25% + 18% GST |
Payment link (card) | Around 2.75% + 18% GST |
Payment link (PayPal) | Around 4.4% + 18% GST + fixed per-transaction charge |
FX markup | None, live rate applied |
e-FIRA | Free |
Setup or monthly fee | None stated |
BriskPe has revised its pricing over time, and older articles mention a flat percentage fee instead of tiers. Always check the pricing page before making a decision, because rates, tiers and GST treatment can change.
For high-volume businesses, BriskPe says custom pricing is available.
Typical Use Cases of Briskpe
1.SMEs Requiring Multi-Mode Collections
SMEs involved in international business transactions often struggle to accommodate the varied payment requirements of overseas customers. To address this, Briskpay houses a single platform that facilitates account-to-account (A2A) payments, card A2A collections from PayU, and wallet-based A2A collections via PayPal.
SMEs can now address different client preferences, simplify payment practices, and widen their international presence, thanks to this flexibility.
2.Freelancers and Consultants
Freelancers and consulting professionals working with international clients demand fast and affordable payment options. Briskpe makes that happen by issuing virtual accounts in different currencies to enable fast and low-cost cross-border transactions. Funds are settled quickly, frequently within 24 hours, and improve independent professionals’ ability to manage their cash flow.
3.E-commerce and Retail
E-commerce merchants and retailers presence in international marketplaces or global platforms requires dependable payment processing of foreign tractions. With Briskpe's support for multiple payment types such as A2A transfers, card payments, and digital wallets, your customers will pay with ease. Businesses can manage the global sales process more effectively through this feature.
4.Payroll and Vendor Disbursements
Businesses with international operations often have to deal with payroll and vendor payments that span borders. Bulk Payout feature from Briskpe allows you to make payment to multiple payees at one go. This feature takes the hassle out of international payroll and payments for vendors with guaranteed fast, accurate transactions.
Limitations & Considerations of Briskpe
1.Turnaround Times for Different Channels
Briskpe's settlement times vary based on the payment method:
Account-to-Account (A2A) Transfers: Funds are typically settled within T+1 day (transaction day plus one working day) into the user's Indian bank account.
PayU or PayPal Payment Links: Settlements can take up to T+2 days or as specified in the Merchant Service Agreement (MSA).
These timelines are generally faster than traditional banking methods, which can take several days.
2.Geographic or Volume Restrictions
Briskpe offers local collections in six of the world's most-traded currencies: USD, GBP, EUR, CAD, AUD and SGD. This encompasses a wide variety of international deals, but companies that deal in other currencies could potentially be limited. Furthermore, the specifics involving volume restrictions or transaction caps are not publicly available; something that could negatively affect enterprises in need of high volume transactions.
3.Customer Support Channels and SLAs
Briskpe has Grievance Redressal Policy aligning as per RBI guidelines to resolve the users complaint within a reasonable period and efficiently.
Briskpe provides multiple channels for customer support:
Email Support: Users can reach out via support@briskpe.com for assistance.
Phone Support: Available from 8 AM to 8 PM Monday to Saturday at +91 7507-412-090.
In-App Chat: 24/7 support is accessible through the Briskpe platform.
BriskPe vs Infinity: Which is better for international payments in India?
BriskPe and Infinity both help Indian businesses receive international payments and get paid in INR with a FIRA. They differ in how you get paid, how pricing is structured, and the support you get along the way.
Factor | BriskPe | Infinity |
How you get paid | Virtual accounts in six currencies and payment links | Bank details in multiple currencies, 50+ currencies and 160+ countries supported |
Pricing structure | Tiered flat fee + 18% GST on account transfers; higher charges on payment links | 0.5% all-inclusive fee, with no separate FX markup or GST |
FIRA | Free e-FIRA, usually within 24 hours | Free FIRA, auto-generated |
Settlement | Generally T+1 for account transfers | Within 24 hours |
Holding foreign currency | Converts to INR on receipt | Lets you hold a USD balance and convert whenever you choose |
Support | In-app support during working hours | Dedicated personal account manager |
Mobile app | Yes | Yes |
Onboarding | Online KYC | Sign up in about 2 minutes, KYC completed the same day |
How Does Infinity Help Receive International Payments?
Infinity is an AD-1 certified, RBI-regulated platform that helps Indian freelancers, exporters, agencies and SaaS businesses receive international payments. Over 10,000 users have already onboarded.
One all-inclusive fee: 0.5% with no separate FX markup or GST.
Free FIRA: Generated automatically for your transactions.
Settlement within 24 hours: Money reaches your bank account quickly.
Wide coverage: Supports 50+ currencies and 160+ countries.
USD balance: Hold your money in a USD balance and convert when you choose.
Dedicated account manager: Personal help when you need it.
Mobile app: Track and manage payments on the go.
Simple onboarding: Sign up in about 2 minutes, complete KYC the same day, receive bank details in multiple currencies and start receiving payments.
Conclusion
Briskpe is a robust payment platform designed for Indian SMEs, freelancers and digital-first companies. Its main features are that it supports multi-mode collections, multiple banks, bulk payout, GST-compliant invoicing, flexible payment link and competitive pricing on A2A transactions. The platform also provides seamless accounting integrations, secure API endpoints, and regulatory compliance with ISO and SOC certifications.
But turnarounds can differ by channel, and the service now primarily serves businesses operating in India or receiving funds in certain currencies. It works great for localised use however if you have global requirements you may need another server.
Briskpe is ideal for startups looking for low-cost, API-based payment workflows with local compliance.
FAQs on BriskPe Review
1.What is BriskPe?
BriskPe is an India-focused cross-border payments platform that helps businesses and professionals receive foreign currency payments. It provides virtual accounts, payment links and e-FIRA, and settles funds in INR to your bank account.
2.Is BriskPe RBI approved?
BriskPe states that it has final RBI authorisation as a Payment Aggregator for cross-border inward and outward payments. You can confirm this on the RBI's list of authorised payment aggregators.
3.What are BriskPe charges?
For account-to-account transfers, BriskPe charges $16 up to $2,000, $25 up to $10,000 and 0.25% above that, plus 18% GST. Payment links cost more, at around 2.75% plus GST for cards and around 4.4% plus GST for PayPal, as per third-party reviews. Check BriskPe's pricing page for the latest rates.
4.Does BriskPe provide FIRA?
Yes. BriskPe provides a free digital e-FIRA for every transaction, typically within 24 hours. You can download it from the dashboard or the app.
5.How long does BriskPe take to settle payments?
Virtual account transfers are generally settled in your Indian bank account within one working day (T+1). Payment link transactions can take a little longer, and some small payments may take more time.
6.Which currencies does BriskPe support?
BriskPe offers virtual accounts in USD, GBP, EUR, CAD, AUD and SGD. Payments from other countries can also be received over SWIFT.
7.Can you hold a USD balance in BriskPe?
BriskPe converts incoming foreign currency to INR and settles it to your Indian bank account, so holding a foreign currency balance is not its model. Platforms like Infinity let you hold a USD balance and convert whenever you choose.
8.What are the best BriskPe alternatives?
The right alternative depends on how you get paid. Wise, Payoneer, PayPal and Infinity are common options for Indian freelancers and exporters. Compare fees, settlement time, FIRA availability and support before choosing.
