Skydo Gets RBI Authorization as PA-CB

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