Skydo bags in-principle nod for cross-border PSP licence at GIFT City IFSC
Skydo is among the first to receive in-principle approval as a cross-border Payment Service Provider at GIFT City. The licence unlocks multi-currency collections, e-money accounts and merchant acquisition for Indian MSMEs, exporters and freelancers, layered on top of its existing RBI PA-CB outward flow clearance.
Skydo received in-principle approval as a cross-border Payment Service Provider at GIFT City IFSC, expanding services for Indian MSMEs, exporters and freelancers including multi-currency collections, e-money accounts and merchant acquisition. It also cleared RBI's PA-CB outward flow rails.
Why this matters
Builds on Skydo's RBI PA-CB outward payments licence, stacking GIFT City IFSC PSP authorisation to broaden multi-currency collections and merchant acquisition for Indian exporters.
Retail-company signals steady at 703 in last 90 days.