Challenge for Indian Exporters & Freelancers
India’s freelance economy and burgeoning export ecosystem are dependent on one critical function: efficient international payments. For Indian professionals, receiving global payments is often fraught with hidden challenges, high transfer fees, significant currency conversion losses, and delayed settlements that stall cash flow. Compounding these issues are complex compliance hurdles related to FEMA and RBI regulations. Two platforms frequently emerge in the discussion for managing these funds: BRISKPE and Instamojo. But which one truly delivers better value, transparency, and control for the Indian exporter and freelancer operating on a global scale? We dive deep into their core offerings to determine the definitive winner for your international revenue.
Platform Overview: BRISKPE
BRISKPE is an India-focused cross-border payment solution engineered for modern exporters, SaaS platforms, and freelancers. Its core mission is FX optimization, faster settlements, and seamless compliance with FEMA and RBI regulations. BRISKPE offers a global account-like experience, allowing businesses to bill international clients in their local currencies (USD, GBP, EUR, etc.) and receive funds at transparent, competitive exchange rates. It serves as a specialist platform for service providers and agencies that regularly manage cross-border billing.
Instamojo
Instamojo is primarily a domestic payment gateway built to support MSMEs and small businesses in India. Its focus is on the ease of collecting payments in India via simple payment links, UPI, cards, and net banking. It excels as a platform for domestic entrepreneurs and small online store owners. Its primary limitation lies in its limited support and non-optimized structure for cross-border transactions and formal export billing, making it a generalist tool for a niche global problem.
Comparison Table
| Feature | BRISKPE | Instamojo |
| Core Focus | Cross-border payments (Inward Remittance) | Domestic payments (Payment Links, UPI) To enable International Payments you have to go through instamojo support. Pricing page must be in INR only. |
| Supports International Clients | Yes (Dedicated global accounts) | Limited (Via high-fee global card processing) |
| Currencies Supported | USD, GBP, EUR, CAD, AUD, etc. | Supported but Payment page should be in INR only (Foreign currency auto-converts at high cost) |
| Settlement Time (Inward) | 1–2 business days | Settles All Transactions on a 3+ Days Basis and 2% + GST. |
| Compliance Focus | FEMA, RBI-compliant (Automates FIRA) | Domestic GST/e-commerce guidelines only |
| Ideal For | Freelancers/exporters with global clients | Domestic sellers and MSMEs |
Key Factors That Matter
1. Currency Support & Global Reach
Briskpe:
BRISKPE offers multi-currency accounts with local collection options, enabling clients to pay seamlessly in their home currencies (USD, GBP, EUR, etc.). These payments are routed through a compliant, regulated infrastructure, minimizing friction for global clients and ensuring smooth currency conversion into INR. The system is built to handle export-focused transactions and global customer bases efficiently.
Instamojo:
Instamojo is primarily designed for domestic INR payments. While it can technically accept international cards, foreign payments are auto-converted by third-party intermediaries at high FX markups. The platform lacks a dedicated mechanism for holding or receiving foreign currency, making it unsuitable for exporters or international service providers.
Verdict:
BRISKPE is engineered for international commerce, enabling exporters to collect and convert global payments effortlessly. Instamojo remains a domestic-first platform, ideal for Indian customers transacting in INR.
2. Transaction Fees & Exchange Rates
Briskpe:
BRISKPE is fully transparent with market-linked FX rates and no hidden markups. Its new flat-fee structure (effective Oct 2025) makes pricing predictable and cost-efficient:
- Up to $2,000: Flat $16 per transaction
- $2,001–$10,000: Flat $25 per transaction
For a typical $1,000 client payment, this model can yield an additional ₹1,500–₹2,000 take-home compared to traditional SWIFT or high-markup payment processors.
Instamojo:
Instamojo charges around 2% for domestic INR payments, but the cost of international transactions is significantly higher due to hidden FX markups and intermediary conversions. The platform does not disclose foreign exchange spreads, leading to unpredictable final payouts for users receiving money from abroad.
Verdict:
BRISKPE’s transparent FX policy and flat-rate structure make it the clear winner for cross-border earnings. Instamojo’s hidden markups and variable charges erode profitability for exporters and freelancers dealing with overseas clients.
3. Settlement Speed
Briskpe:
BRISKPE provides reliable settlements within 1–2 business days after the client’s payment is received, depending on country and KYC verification. This consistency supports better cash flow planning and working capital management for exporters, freelancers, and SaaS founders managing recurring international payments.
Instamojo:
Instamojo offers near-instant settlement for domestic INR transactions, which is beneficial for local sellers. However, it does not support optimized cross-border settlements, and international payments often take longer due to third-party involvement and conversion delays.
Verdict:
For global payments, BRISKPE offers the faster and more predictable settlement window, while Instamojo’s speed advantage applies only to domestic INR payments.
4. Compliance and Documentation
Briskpe:
BRISKPE automates critical RBI and FEMA compliance requirements for exporters. It generates FIRA (Foreign Inward Remittance Advice), performs BoE (Bill of Entry) mapping, and maintains accurate export documentation. This automation reduces manual effort, ensures regulatory adherence, and streamlines reporting for businesses scaling globally.
Instamojo:
Instamojo does not manage export-related compliance such as FIRA or BoE mapping. For users regularly receiving foreign income, this poses compliance risks under RBI export norms, particularly for large or recurring transactions.
Verdict:
BRISKPE provides a compliant, audit-ready solution for exporters, while Instamojo’s lack of RBI documentation support makes it unsuitable for regular foreign receipts or export-linked businesses.
5. Platform Integration & Use Cases
Briskpe:
BRISKPE offers robust API integrations for businesses managing B2B global payments, SaaS subscriptions, or e-commerce exports. Its platform allows easy embedding of currency management, invoicing, and conversion workflows into existing systems, ideal for scaling international operations.
Instamojo:
Instamojo’s strength lies in its simplicity and local integrations. It enables Indian sellers to quickly create payment links, invoices, and digital stores, making it perfect for domestic D2C and small business collections.
Verdict:
BRISKPE is the right fit for exporters, SaaS platforms, and B2B businesses needing international payment capabilities. Instamojo is best for local entrepreneurs and D2C sellers focused solely on domestic sales.
BRISKPE
Pros:
- Multi-currency support and local virtual accounts
- Transparent FX and better net realization rates
- Full FEMA/RBI compliance (automates FIRA)
- Ideal for high-value global clients and SaaS platforms
Cons:
- Requires initial KYC setup (for compliance)
- Not designed for purely domestic INR payments
Instamojo
Pros:
- Simple setup and intuitive UI
- Great for domestic sellers and service providers
- Fast settlements within India
- Easiest tool for domestic payment links
Cons:
- No foreign currency support
- Not compliant for formal export transactions
- Limited scalability for global billing
Which Platform Should You Choose?
The answer depends on your clientele’s location:
- If your clients are based abroad and pay in USD, EUR, GBP, or similar, BRISKPE is the clear and superior choice. Its structure delivers higher net value, essential currency flexibility, and non-negotiable regulatory compliance.
- If your clients are India-based and payments are entirely in INR, Instamojo remains one of the easiest domestic collection tools.
Conclusion
Ultimately, BRISKPE and Instamojo serve two distinct markets. Instamojo is your simple, user-friendly cashier for domestic sales, while BRISKPE is the compliant, high-value bank bridge for your global income. To truly maximize your revenue and simplify regulatory hurdles as an exporter or global freelancer, evaluate your client geography and choose BRISKPE, which is purpose-built for the international stage.
