India, Jan. 21 -- Cross-border payment startup Skydo has secured the licence from the Reserve Bank of India (RBI) to function as a Payment Aggregator-Cross Border (PA-CB) entity.

The company said this authorisation strengthens Skydo's commitment to creating compliant, seamless, cost-effective payment solutions for Indian exporters.

The licence will enable the startup to process cross-border online transactions for the import and export of goods and services.

Apart from Skydo, other players like Cashfree Payments, Amazon Pay, and Adyen India secured the PA-CB licence from the RBI last year.

Skydo aims to scale its payment volumes by tenfold over the next 18-24 months and plans to expand its services to include import payments and addit...