Skydo bags GIFT City PSP nod and RBI outward payments licence under PA-CB framework
Cross-border payments fintech Skydo has secured an in-principle PSP licence from GIFT City IFSC and RBI approval for outward remittances under the PA-CB framework. The dual clearance lets Indian businesses both collect from and pay overseas vendors on one compliant rail, deepening Skydo's reach across 40,000 businesses in 50 cities and 150 countries.
Cross-border payments fintech Skydo secured in-principle GIFT City PSP licence and RBI approval for outward payments under PA-CB framework, enabling Indian businesses to both collect from and pay overseas vendors via a compliant platform.
Why this matters
Skydo's dual regulatory clearance moves it from inbound-only collections to a two-way cross-border rail, widening its addressable use cases for Indian SMBs paying global vendors and SaaS providers.
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