New Delhi, Jan. 12 -- Cross-border payments fintech Skydo has received final authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator-Cross Border (PA-CB), enabling it to facilitate international payment collections for Indian exporters.

With the licence in place, the Bengaluru-based firm said it plans to deepen its product offerings and expand its presence across additional and operationally complex trade corridors. The authorisation allows Skydo to process inward cross-border transactions under the RBI's payment aggregator framework.

Commenting on the development, Skydo Co-founder Movin Jain said that bringing cross-border payments under a regulated framework enables companies to build products tailored to...