Skydo Technologies Receives RBI Authorization as Payment Aggregator-Cross Border Entity
| Category | Details |
|---|---|
| Why in News | Skydo Technologies receives in-principle RBI approval as a PA-CB entity. |
| Company Overview | - Founded in 2022. - Serves 12,000+ Indian exporters. - Processes $250 million annually. |
| Service Offering | - Invoicing, payments, reconciliation. - Transparent pricing, no markup on forex rates. - Instant KYC, customer support, fast settlements. |
| Strategic Plans | - Scale operations 10x in 18-24 months. - Expand to import payments. - Diversify services (credit, tax compliance, EDPMS reconciliation). |
| Regulatory Context | - Joins RBI-authorized PA-CB entities like Adyen India, Amazon Pay India, and Pay10 Services. |