Skydo Secures Final RBI Approval to Operate as Cross-Border Payment Aggregator

Cross-border payments platform Skydo has achieved a key milestone with regulatory clearance that allows it to deepen its role in facilitating international payment flows for Indian businesses. 

Approval and Industry Context 

Skydo has received final authorisation from the Reserve Bank of India to operate as a Payment Aggregator–Cross Border entity. The approval enables the company to facilitate overseas payment collections for Indian exporters and places it among a select group of fintech firms that have secured the licence, including Razorpay, Cashfree Payments, Amazon Pay, BillDesk and Adyen. Skydo had earlier received in-principle approval in January 2025. 

Operations, Services and Growth Plans 

Founded in Bengaluru, Skydo primarily serves MSMEs, freelancers and startups exporting services and digital goods. The company works with over 30,000 customers across more than 50 cities and supports collections in over 30 currencies. Its platform allows Indian exporters to collect payments locally from overseas clients, with pricing linked to mid-market foreign exchange rates and faster settlement timelines.  

Skydo also provides documentation support such as foreign inward remittance certificates through integrations with partner banks. Commenting on the approval, Srivatsan Sridhar said, “The licence will help us build stronger trust with SMB and enterprise customers, global banks, and payments partners as we scale our volumes and expand across products and corridors.”  

Following the approval, the company plans to broaden its product suite and add new trade corridors, including markets considered operationally complex for Indian exporters, such as parts of Africa. 

Read More: MCX Clearing Corporation Appoints New MD & CEO After SEBI Approval! 

Conclusion 

With final approval in place, Skydo is positioned to scale its cross-border payments offering, expand into new markets and strengthen its presence among Indian exporters seeking efficient international payment solutions. 

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