Skydo has received final authorisation from the Reserve Bank of India to operate as a Payment Aggregator – Cross Border (PA-CB). The approval marks a key regulatory milestone, positioning Skydo among the first FinTechs in India to be fully licensed under the RBI’s PA-CB framework.
The authorisation allows Skydo to facilitate compliant international collections for Indian businesses, including MSMEs, freelancers and startups. The platform enables exporters to receive payments from overseas clients in multiple currencies through local collection methods, while offering transparent pricing, mid-market foreign exchange rates and fast settlement into Indian bank accounts.
Skydo’s services also include automated compliance support such as Foreign Inward Remittance Certificates (FIRCs), along with invoicing, payment tracking, ledger management and integrations with accounting and ERP systems. These tools are designed to simplify cross-border trade for Indian businesses while ensuring regulatory adherence.
Commenting on the development, the company said the RBI approval reflects its compliance-first approach and strengthens trust among customers, banking partners and global payment networks. The licence will allow Skydo to scale volumes, expand to new trade corridors and roll out additional product features.
With regulatory clearance in place, Skydo plans to deepen its presence in existing markets and extend its services to more challenging international corridors, while continuing to support Indian exporters with faster, more reliable and compliant cross-border payment infrastructure.
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