Skydo Secures RBI Authorisation as Cross-Border Payment Aggregator

Key Development

Skydo, a Bengaluru‑based cross‑border payments platform, has received final authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator–Cross Border (PA‑CB). This approval enables the company to facilitate international payment collections for Indian exporters, strengthening its role in India’s digital trade ecosystem.

Company Reach

• Serves 30,000+ Indian MSMEs, freelancers, and startups.
• Presence across 50+ cities.
• Supports collections in 32+ foreign currencies.

Platform Features

• Local payment collection from international clients.
• Flat‑fee pricing for transparency.
• Access to compliance documentation such as Foreign Inward Remittance Certificates (FIRC).
• Integrated tools for invoicing, payment reminders, and accounting.

Founders & Focus

• Founded in 2021 by Srivatsan Sridhar and Movin Jain.
• Headquartered in Bengaluru.
• Focused on building cross‑border payment infrastructure tailored for exporters, MSMEs, and digital‑first businesses.
• Strong emphasis on regulatory compliance and risk controls.

Strategic Outlook

With RBI’s final authorisation, Skydo plans to:

• Expand product offerings.
• Deepen presence across additional trade corridors, including operationally complex markets.
• Strengthen India’s position in global digital commerce by simplifying cross‑border transactions for small businesses.