Tripathy works on empowering businesses to flourish on global stage
Mumbai-based BriskPe promises to reshape the landscape of cross-border payments, particularly for Micro, Small and Medium-sized enterprise (MSME) exporters that are projected to contribute at least 60% to India’s total export goal of US$2 trillion in goods and services by 2030
“With the launch of BriskPe, we’re empowering entrepreneurs, MSMEs, and the entire business landscape to flourish on the global stage like never before,” says Sanjay Tripathy, Co-Founder & CEO of BriskPe.
With MSMEs projected to contribute at least 60% to India’s total export goal of US$2 trillion in goods and services by 2030, BriskPe’s innovative approach offers exporters an opportunity to thrive in the global market.
In the fiscal year 2022-23, MSME products constituted 43.6% of India’s exports, according to data from the Directorate General of Commercial Intelligence and Statistics.
By removing the financial and administrative complexities associated with cross-border transactions, BriskPe is transforming the way businesses approach international trade, making it more accessible and lucrative for all.
The process is straightforward. MSMEs can sign up and link their Indian bank accounts, then raise invoices. The platform takes it from there, automatically tracking and communicating payment status.
Payments are promptly credited to Indian bank accounts, accompanied by payment advice and compliance details. The remarkable turnaround time for payments to be credited to the receiving bank is just one day, BriskPe said on 31 Oct 2023 in a release announcing the payment platform.
The company has collaborated with YES BANK to ensure that the transaction process is streamlined and efficient. With a nominal charge of 1% (inclusive of GST), the platform eliminates international fees such as SWIFT, FIRC and high forex charges that have historically burdened cross-border transactions.
BriskPe operates within the regulatory framework of RBI’s OPGSP and holds a Money Service Business (MSB) license in Canada for its Canadian subsidiary. Fiinews.com
