TECH NEWS

Skydo Gets GIFT City License to Expand Global Payment Services

Bengaluru-based fintech Skydo is looking to expand its role in this process, moving beyond international payment collections toward a broader range of financial services.

The company announced on October 27 that it has received final authorization from the International Financial Services Centres Authority (IFSCA) to operate as a Payment Service Provider (PSP) at GIFT City's International Financial Services Centre (IFSC).

The approval follows the in-principle authorization granted in May 2026 and allows Skydo to develop payment products from GIFT City, including multi-currency accounts, merchant acquiring, international collections and settlement infrastructure.

The development marks an expansion of Skydo's existing business, which primarily helps Indian companies receive payments from international customers.

What Changes for Exporters?

One of Skydo's key plans is to introduce IFSC-based multi-currency accounts for eligible Indian exporters.

Today, many businesses convert overseas receipts into Indian rupees shortly after receiving payments. This can become inconvenient for companies that also need...

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What Changes for Exporters?

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