Current Affairs - Finance - Discussion

Skydo Technologies, a Bengaluru-based fintech firm, received in-principle approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator-Cross Border (PA-CB) entity. This approval allows Skydo to provide seamless and cost-effective cross-border payment solutions to Indian exporters. Skydo, which serves over 12,000 Indian exporters, is now poised to scale operations, expand its services globally, and diversify its offerings. The RBI's endorsement strengthens Skydo’s position in the competitive fintech industry and supports the international growth aspirations of Indian businesses.