Skydo secures final RBI authorisation for cross-border payments

New Delhi: Skydo, a cross-border payments platform for exporters, has received final authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator–Cross Border (PA-CB).

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Skydo is among the first cross-border fintechs to secure this licence, strengthening its mission to build transparent and seamless payment infrastructure for Indian MSMEs to grow globally, the company said in a statement on Friday.

The Bengaluru-based company serves about 30,000 Indian MSMEs, freelancers, and startups across 50 cities, supporting collections in 32 currencies, it said.

As India targets USD 2 trillion in goods and services exports by FY30, driven by MSMEs, freelancers, and digital-first startups, Skydo is building a compliant, transparent, and technology-led cross-border payment platform to support this goal, it said.

The platform enables exporters to collect locally from international clients, with transparent flat-fee pricing, no markup on live mid-market FX rates, and fast settlements, it said.

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