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.

— Source publishedWed, 20 May, 2026, 17:49 IST·First seen Wed, 20 May, 2026, 18:09 IST·Source Times of India · Business

What happened

Skydo received in-principle approval as a cross-border Payment Service Provider at GIFT City IFSC, expanding services for Indian MSMEs, exporters and

Why this matters

Skydo's dual RBI PA-CB plus IFSC PSP positioning makes it a scarce regulated cross-border asset worth tracking for partnership, white-label or acquisition conversations in the MSME export corridor.