Cross-border payments platform Skydo gets international payment licence in Canada

The Bengaluru‑headquartered cross‑border payments firm Skydo has obtained an international payment licence from Canada.

“Securing our first international licence signals Skydo’s shift from an India‑centric cross‑border payments service to a multi‑nation payments operator,” said Srivatsan Sridhar, co‑founder and CEO of Skydo, in a press release.

Holding licences in both India and Canada, plus GIFT City approval, Skydo is well‑placed to facilitate this corridor for trade, education, tourism, and business services,” Srivatsan noted.

Skydo also intends to assist Canadian companies with global collections, local accounts, and supplier payments in various countries.

Movin Jain, co‑founder of Skydo, added that Canada bolsters Skydo’s global presence, allows for local collections and payouts, and lays a solid groundwork for future growth across North America.

Published on June 23, 2026