Skydo secures international payment license in Canada

Exam-focused facts from the 27 June 2026 current affairs briefing.

Key facts

Bengaluru-based Skydo has secured an international payment license in Canada, becoming the first Indian cross-border payments platform to be licensed overseas.
The license was granted under the Retail Payment Activities Act (RPAA) and is overseen by the Bank of Canada.
The approval enables Skydo to support local collections and payouts in Canada and facilitate two-way payment flows between India and Canada.
Skydo is backed by Elevation Capital and Susquehanna Asia Venture Capital.
The company holds licenses in India and GIFT City approval to serve the India-Canada corridor across trade, education, tourism, and business.