Reserve Bank of India (RBI) grants Payment Aggregator-Cross Border (PA-CB) license to Skydo

Exam-focused facts from the 10 January 2026 current affairs briefing.

Key facts

The Reserve Bank of India (RBI) has granted final authorisation to Bengaluru-based Skydo to operate as a Payment Aggregator–Cross Border (PA-CB).
The license enables the company to offer cross-border payment services to Indian MSMEs, freelancers, and startups across multiple currencies and markets.
Skydo currently serves over 30,000 Indian MSMEs, freelancers, and startups across more than 50 cities.
The platform supports payment collections in over 32 currencies.
The company recently raised USD 10Mn in Series A funding led by Susquehanna Asia Venture Capital, with participation from Elevation Capital.
The total funding raised by Skydo to date stands at USD 20Mn.