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Skydo Gets RBI Nod as Cross-Border Payment Aggregator

12 January 20261 min read
BANKING & FINANCESkydo Gets RBI Nodas Cross-BorderPayment Aggregator12 January 2026safalsetu.com

Why in the news

Cross-border payments platform Skydo won RBI’s final authorisation on 9 January 2026 to work as a Payment Aggregator – Cross Border (PA-CB).

Key facts

  • PA-CB: an intermediary handling international inbound and outbound payments for exporters, importers, MSMEs, freelancers and platforms.
  • Licence permits collecting from foreign customers and remitting to Indian businesses under full RBI oversight.

Why RBI created it

  • Clear rules for fintechs; better consumer protection, AML/CFT compliance and transparency; secure, traceable forex flows.

About Skydo

  • Founded 2022; Bengaluru; in-principle RBI approval in 2025.

Test yourself

1. Skydo received final RBI authorisation to operate as which type of entity?

Skydo was authorised as a PA-CB.

2. Where is Skydo headquartered?

Its headquarters is in Bengaluru, Karnataka.

3. Which concern is one of RBI's stated reasons for creating the PA-CB category?

RBI wanted cross-border payment fintechs under a clear framework.

This topic is part of Daily Current Affairs 11 & 12 January 2026 (23 topics).

All topics of the dayDay quizJanuary 2026

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