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.
What happened
Cross-border payments fintech Skydo secured in-principle GIFT City PSP licence and RBI approval for outward payments under PA-CB framework, enabling Indian
Key facts
- 40,000 businesses
- 50 cities
- 150 countries
Why this matters
Skydo's regulatory moat under PA-CB plus IFSC PSP makes it a scarce dual-licensed cross-border rail, raising its strategic value for banks and global PSPs seeking India corridor access.