Skydo Technologies, a cross-border payments company, has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator-Cross Border (PA-CB) entity.

• This move strengthens Skydo’s mission of making cross-border payments compliant, seamless, and cost-effective for India’s exporters.
• Skydo started operations in 2022 and currently serves over 12,000 exporters in India, processing over $250 million in annual export payments.
• The Bengaluru-based FinTech has recently secured Payment Service Provider (PSP) approval from Amazon, enabling it to process payments for exporters participating in Amazon’s Global Selling program.