Current Affairs - Finance - Discussion

Skydo became the first Indian cross-border payment platform to receive a regulatory license in Canada under the Retail Payment Activities Act, supervised by the Bank of Canada. This milestone enables the company to provide local collections and payouts within Canada while facilitating seamless two-way payment flows between India and Canada. Backed by Elevation Capital and Susquehanna Asia Venture Capital, Skydo focuses on building payment infrastructure for SMEs and international platforms. The achievement strengthens India's fintech presence globally and supports smoother international trade and cross-border business transactions.