New Delhi, June 23 -- Cross-border payments platform Skydo has secured an international payment licence in Canada, becoming what the company says is the first Indian cross-border payments platform to receive a regulatory licence overseas. The approval highlights Skydo's first regulatory milestone outside India and reflects a broader ambition to evolve beyond its domestic roots.

Cross-border payments remain one of the most fragmented parts of global commerce. Businesses often deal with multiple intermediaries, foreign exchange costs, compliance requirements, and operational inefficiencies when moving money across borders.

Skydo's Canada licence enables the company to support two-way payment flows between India and Canada, including local...