Skydo gets GIFT City PSP, RBI licences for cross-border payments push
20 May 2026, 04:30 PMWith these approvals, Skydo can now facilitate both incoming and outgoing international transactions for Indian businesses.
Share the story on
Skydo, a cross-border payments platform focused on Indian exporters and businesses, has secured in-principle approval to operate as a Payment Service Provider (PSP) at the Gujarat International Finance Tec-City (GIFT City) International Financial Services Centre (IFSC).
The approval allows the company to strengthen its cross-border payments infrastructure with features such as multi-currency collections, e-money accounts, merchant acquisition and new international payment corridors for Indian businesses operating globally, it said in a statement.
Skydo, which is backed by venture capital firms, Elevation Capital and Susquehanna Asia Venture Capital, has also received regulatory clearance under the Reserve Bank of India’s Payment Aggregator-Cross Border (PA-CB) framework to support outward remittances, it added. Earlier this year, the company had secured final RBI authorisation for export-related payment collections.
With these approvals, Skydo can now facilitate both incoming and outgoing international transactions for Indian businesses. The platform will support payments from overseas clients as well as remittances to global vendors, software providers and partners through a compliant payment network.
According to Srivatsan Sridhar, the approvals strengthen India’s push to create globally competitive financial infrastructure and will help MSMEs and digital-first businesses access smoother global payment corridors, better currency management and more efficient international transactions.
Movin Jain said the combination of RBI and GIFT City frameworks offers fintech companies greater flexibility to build globally aligned payment products while helping Indian businesses scale internationally.
Skydo currently serves more than 40,000 MSMEs, freelancers and startups across over 50 Indian cities and supports collections from more than 150 countries. The company processes over $850 million in annual payment volumes.
Who Reads Us
“I enjoy reading The Head and Tale for their coverage on the Fintech landscape. The reporting is incisive and honest, and it demonstrates a sharp understanding of the industry and the issues that concern it. I'd like to extend my best wishes to Arti for her continued success.”
“Well-researched, informative and analysis based reporting makes an interesting read. 'The Head and Tale' news portal has been demonstrating this quite well covering fintech and emerging tech sectors. Their timely updates, exclusive stories and different perspectives on these sectors help me stay informed. Kudos to Arti Singh for pursuing her passion and best wishes to the team.”
“The Head and Tale stands out for its deep industry knowledge and impressive network of sources. I especially appreciate that the reporting remains independent, rarely resorting to paid puff pieces, making it a publication I can genuinely trust. Having followed Arti’s work for years, I’ve come to rely on The Head and Tale for its unparalleled insight and truly independent coverage. Arti’s long-standing presence in the sector means her reporting is always informed, with access few can match.”
“What I really appreciate about The Head and Tale is that it doesn’t just report the news, it interprets it. The stories are well-researched, comprehensive, and bold. Arti brings a fearless lens to reporting, often asking the uncomfortable but necessary questions. She makes you pause, reflect, and rethink what it all means for the payments and fintech ecosystem. It’s rare to find journalism that’s this sharp, timely, and relevant to the work we do every day.”
“I’ve always valued journalism that goes beyond surface-level headlines. The Head and Tale does exactly that - it connects the dots, asks the tough questions, and brings clarity to the shifts shaping our evolving industry. I’ve even encouraged my team members to subscribe, because staying informed through credible, deeply reported stories is as important as building products. For me, The Head and Tale has become part of essential reading.”
