Current Affairs - Finance - Discussion

Skydo received final authorisation from the Reserve Bank of India to operate as a Payment Aggregator–Cross Border, marking a major regulatory milestone in India’s fintech sector. This approval enables Skydo to provide regulated cross-border payment services, particularly benefiting MSMEs, exporters, startups, and freelancers. The licence strengthens trust, transparency, and compliance in international transactions, which involve foreign exchange and regulatory oversight. Skydo supports collections in multiple foreign currencies, offers a flat-fee pricing model without forex markups, and ensures faster settlements. The development also contributes to strengthening India’s digital payments ecosystem and export-oriented financial infrastructure.