Source: BL
Context:
On 9 January 2026, Skydo, a cross-border payments platform, received final authorization from the RBI to operate as a Payment Aggregator – Cross Border (PA-CB) entity.
What does a Payment Aggregator – Cross Border (PA-CB)?
- Aggregates and processes international inbound and outbound payments
- Enables Indian exporters, importers, MSMEs, freelancers, and platforms to receive or make foreign payments
- Acts as an intermediary between merchants and overseas buyers/payers
Why did RBI introduce PA-CB?
- To bring cross-border payment fintechs under a clear regulatory framework
- To enhance consumer protection, AML/CFT compliance, and transparency
- To ensure secure, traceable, and regulated forex transactions
What is a PA-CB License?
A PA-CB license allows an entity to:
- Collect payments from foreign customers
- Remit funds to Indian businesses
- Operate under full RBI regulatory oversight
About Skydo
- Founded: 2022
- Headquarters: Bengaluru, Karnataka
- Received in-principle RBI approval in 2025
- Focus: Building cross-border payment infrastructure for Indian businesses
