Explore the latest news, in-depth reports, and executive analysis tagged with #Cross Border.
Unobanc adds to a list of strategic or acquisition deals made by Zaggle in the past years.
Aspora, which aims to become neobanks for NRIs, built its tech infra for NRI banking in 2024. But...
With the new licence, Skydo can facilitate both incoming and outgoing payments between India and Canada, including local fund collections and payouts.
The ED alleged that these platforms advertised instant cross-border money transfer services using cryptocurrencies despite not being authorised payment system operators.
With these approvals, Skydo can now facilitate both incoming and outgoing international transactions for Indian businesses.
The startup also received its final approval from the RBI to act as a payment aggregator for cross-border transactions.
This authorization empowers EximPe to facilitate international businesses in accepting payments from Indian consumers using UPI and various domestic payment channels.
Payoneer's platform currently serves clients across more than 190 countries and territories.
Last year, Skydo raised $10 million in a Series A funding led by Susquehanna Asia Venture Capital.
The authorization also allows the Mumbai-based company to process cross-border payments for both inbound and outbound flows from India.
This comes after Paytm received the central bank's final approval to operate as a payment aggregator last month.
The funding round also saw participation from individual investors including Kunal Shah, founder, Cred.
Sridhar earlier held leadership roles at BNP Paribas, Citibank and Deutsche Bank.
The license permits Razorpay to enable both inward and outward cross-border payments for businesses.
The Bengaluru-based startup will use its expanded authorization to strengthen its cross-border payment infrastructure, among others.
The licence will help the company enable cross-border transactions for digital services, e-commerce, and B2B goods trade, serving businesses across Asian emerging markets.
Skydo currently serves over 12,000 exporters in India, processing over $250 million in annual export payments.
With this, exporters on Amazon can receive their international payouts through Skydo, the company said in its statement.
The Bengaluru-based payments firm faced a year long ban on new merchant onboarding.
