Skydo Secures GIFT City PSP Licence and RBI Outward Payments License

Why It Matters

The dual approvals give Indian exporters a compliant, end‑to‑end platform for receiving and sending cross‑border payments, accelerating India’s integration into global trade finance and strengthening the domestic fintech ecosystem.

Key Takeaways

• Skydo secured in‑principle PSP licence at GIFT City IFSC.
• RBI approved Skydo for outward payments under PA‑CB framework.
• Platform serves over 40,000 Indian businesses in 50+ cities.
• Enables multi‑currency collections from 150+ countries.
• Plans to expand product stack and enter new geographies.

Pulse Analysis

GIFT City’s International Financial Services Centre has emerged as India’s gateway to a globally aligned financial ecosystem, offering regulatory clarity and tax incentives for cross‑border services. By obtaining an in‑principle PSP licence, Skydo joins a select group of fintechs positioned to build payment corridors that cater to multinational corporations and SMEs alike. The licence not only validates Skydo’s technology stack but also opens doors to partnerships with banks and global payment networks seeking a foothold in the Indian market.

The Reserve Bank of India’s Payment Aggregator‑Cross Border (PA‑CB) framework is designed to streamline outbound remittances while safeguarding against fraud and money‑laundering. Skydo’s approval under this regime enables Indian exporters to move funds to overseas vendors through a single, compliant interface, reducing reliance on fragmented banking channels. With transparent pricing and faster settlement cycles, the platform can improve cash flow for businesses ranging from tech startups to large manufacturers, thereby enhancing India’s export competitiveness.

Looking ahead, Skydo’s roadmap includes expanding its product stack to cover e‑money accounts, merchant acquisition and advanced reconciliation tools. The company’s existing footprint—40,000 clients across 50 cities and connections to 150+ countries—provides a solid base for scaling into new geographies such as Southeast Asia and the Middle East. As global trade increasingly relies on digital payment solutions, Skydo’s dual licensing positions it to capture a growing share of cross‑border transaction volume, driving revenue growth while contributing to the broader digitisation of India’s financial services sector.