Indian freelancers, exporters, and service providers are increasingly operating on a global scale, making efficient management of cross-border payments an essential part of doing business. Yet, international transactions continue to pose challenges such as hidden FX markups that erode profits, delayed settlements affecting cash flow, and complex compliance requirements under Indian regulations, including those set by the Reserve Bank of India (RBI) and the Financial Intelligence Unit–India (FIU-IND).
To address these challenges, the market now offers multiple platforms for cross-border payments. Two of the most discussed options are BRISKPE, an India-centric fintech purpose-built for exporters and service providers, and Xoom, a global remittance platform owned by PayPal Holdings, Inc. Although both facilitate international transfers, they serve very different purposes.
The key question for Indian professionals and businesses is clear: Which platform is purpose-built to support India’s export and business-receipt requirements effectively and compliantly?
BRISKPE
Overview
BRISKPE is an Indian fintech solution designed specifically for the cross-border payment needs of Indian exporters, freelancers, and service providers. The company has received in-principle authorization from the Reserve Bank of India (RBI) to operate as a Payment-Aggregator-Cross-Border (PA-CB) for exports and imports. This reflects BRISKPE’s strong focus on compliance, transparency, and efficiency in international business payments.
Key Features
- Supports export and import collection accounts (ECA/ICA) with AD Category I banks under the RBI’s PA-CB framework.
- Enables collection in major trade currencies such as USD, GBP, EUR, CAD, AUD, and SGD via dedicated virtual accounts.
- Offers fast INR settlements with end-to-end compliance for FEMA, e-FIRA, and e-BRC documentation.
- Transparent pricing with clear FX and fee structures to help Indian businesses retain maximum value from global earnings.
Target Users
The platform serves Indian MSMEs, freelancers, SaaS companies, and service exporters who receive international payments and require fast, compliant, and transparent settlement in Indian rupees.
Unique Selling Proposition
BRISKPE’s strength lies in its India-first regulatory compliance, alignment with RBI’s PA-CB framework, faster INR settlement, and fee transparency. The platform is built to maximise take-home value for Indian exporters while ensuring full adherence to local export regulations.
Xoom
Overview
Xoom, a PayPal service, is a global digital money-transfer platform primarily designed for personal remittances. Its primary function enables individuals in one country to send money to recipients in over 160 countries, including India.
Key Features
- Supports bank deposits, cash pickups, and UPI transfers to Indian accounts.
- Backed by PayPal’s global infrastructure and wide network coverage.
Target Users
Xoom primarily caters to individuals sending money abroad for personal reasons such as family remittances or occasional personal transfers.
Unique Aspect
While Xoom’s global reach is extensive and remittances are often quick, its user agreement explicitly prohibits commercial transactions. As such, it is not suitable for business invoice payments or export receipts.
Quick Comparison Table
Onboarding & Compliance
BRISKPE’s onboarding aligns with Indian export regulations and business workflows, including FEMA, e-FIRA, and e-BRC documentation. The platform’s partnerships with AD Category I banks ensure compliant flows through ECA/ICA accounts.
Xoom’s policies, on the other hand, explicitly restrict commercial transactions, limiting its use to personal remittances.
Verdict:
For Indian businesses that need RBI-compliant infrastructure for export invoicing and receipts, BRISKPE provides a dedicated and compliant framework.
Currency Support & Global Reach
Xoom boasts a global network covering over 160 countries and is suitable for general remittances worldwide. BRISKPE, by contrast, focuses exclusively on inbound cross-border flows to India, supporting major trade currencies and designed for exporters and service providers who require structured, compliant INR settlements.
Verdict:
For India-centric business payments and export receipts, BRISKPE provides a more optimised and compliant solution. For broad personal money transfers across multiple destinations, Xoom offers wider geographic coverage.
Fee Structure & FX Margins
While Xoom advertises fee-free transfers under certain funding conditions, real costs are often embedded in the FX markup. BRISKPE, in contrast, maintains a transparent flat-fee model with competitive FX rates, ensuring clarity for businesses regarding their actual earnings.
For Indian exporters and freelancers, BRISKPE’s typical transparent fees for receiving international payments (excluding GST) are:
| Transaction Slab | BRISKPE Fee per Transaction |
| Up to $2,000 USD | Flat $16 |
| $2,001 to $10,000 USD | Flat $25 |
| Above $10,000 USD | 0.25% of the transaction value |
Verdict:
For cost efficiency and FX transparency, BRISKPE offers a predictable pricing model suitable for recurring international business transactions.
Settlement Speed & Local Conversion
BRISKPE’s infrastructure is built for predictable, fast INR settlements through compliant export channels. Xoom’s UPI and bank deposits may be fast for smaller remittances but are not designed for regulated, large-value business payments or export settlements.
Verdict:
For export-related payments, BRISKPE offers more reliable and compliant INR settlement timelines.
Use Cases & Practical Fit
- BRISKPE: Ideal for Indian exporters, freelancers, service providers, and SaaS businesses invoicing overseas clients and requiring compliant, efficient INR settlements with export documentation.
- Xoom: Suitable for personal transfers, such as sending funds to family or friends, but not appropriate for export or commercial transactions.
Verdict:
For business and export payments, BRISKPE provides the regulatory assurance, transparency, and efficiency required. For casual, personal money transfers, Xoom remains adequate.
Which Platform Should You Choose?
If your core business model is:
- You are in India, you serve overseas clients (exports)
- You invoice them, you receive payments in foreign currency (or INR)
- You care about export documentation and regulatory compliance (FEMA, RBI), then BRISKPE is the strong choice.
If your model is
- You have occasional money transfers (personal or small business) across borders
- You are sending funds overseas/to India for family, not primarily billing clients, Xoom may be adequate for a personal remittance.
Conclusion
While both BRISKPE and Xoom facilitate international money movement, they cater to fundamentally different needs. Xoom is designed for global personal remittances, ideal for individuals sending funds across borders for family or personal reasons.
BRISKPE, on the other hand, is purpose-built for India’s export and service economy, enabling compliant, transparent, and fast INR-settled business payments. With its focus on regulatory alignment, export documentation, and value maximization for Indian recipients, BRISKPE stands out as the clear choice for Indian exporters, freelancers, and businesses receiving international payments. For Indian professionals and enterprises earning globally, the right payment platform is not just about speed; it’s about compliance, transparency, and maximizing returns.
