Skydo, a Bengaluru-based platform simplifying international payments, has just received Amazon’s Payment Service Provider (PSP) approval. This makes Skydo one of the first homegrown solutions to help Indian
Skydo, a Bengaluru-based platform simplifying international payments, has just received Amazon’s Payment Service Provider (PSP) approval. This makes Skydo one of the first homegrown solutions to help Indian exporters receive payments quickly, securely, and cost-effectively when selling on Amazon’s global marketplaces.
With this major step, Skydo aims to empower lakhs of Indian exporters to seamlessly process international transactions, ensuring that they can focus on growing their businesses while Skydo handles the complexities of cross-border payments.
In this article, we’ll explore how Skydo is changing the game for Indian exporters, what features make it stand out, and how it supports Amazon’s ambitious goal of boosting e-commerce exports from India.
Skydo is a cross-border payments platform designed to help Indian exporters manage their international payments with ease. The platform has now received the highly coveted Amazon PSP approval, allowing it to directly process payments for Indian sellers on Amazon’s global marketplaces.
This approval is a big win for Skydo and Indian exporters, who will now benefit from secure, transparent, and cost-effective payment solutions for their international sales.
India’s growing export sector is one of the driving forces behind Skydo’s success. With the rise of e-commerce platforms like Amazon, more Indian businesses, especially small and medium-sized enterprises (SMEs) and D2C startups, are tapping into global markets. However, navigating cross-border payments and export regulations has been a significant challenge for these businesses. Skydo’s solution aims to eliminate these obstacles, making it easier for sellers to receive payments from customers in foreign countries.
One of the biggest challenges for Indian exporters has been managing cross-border payments efficiently. Traditional international payment services can often involve high fees, delays, and uncertainty about exchange rates. Skydo offers an alternative with zero forex markup and a flat $1 transaction fee for Amazon Global sellers in their first three months of using the platform.
This means that exporters can avoid hidden fees and get full transparency on the exchange rates, helping them save money on every transaction.
Skydo is committed to making the payment process fast and simple. Through its instant digital onboarding and KYC process, sellers can quickly sign up and start receiving international payments. Once on the platform, settlements happen quickly, ensuring that businesses don’t face long waits for their hard-earned money.
Additionally, Skydo integrates FIRA (Foreign Inward Remittance Advice) instantly, helping businesses maintain smooth regulatory compliance and avoid delays in processing their payments.
Unlike other platforms that charge hidden fees or add a significant markup to exchange rates, Skydo uses live mid-market forex rates to calculate payments. This means Indian exporters will always get fair rates based on the real-time global exchange market.
This transparent pricing ensures exporters are never caught off-guard by surprise costs and helps them manage their finances with confidence.
Skydo also prides itself on offering dedicated customer support, providing sellers with assistance whenever they need help. Whether it’s related to payment processing, regulatory concerns, or technical issues, Skydo’s team is available to ensure the platform runs smoothly for exporters.
India is on track to become a major player in the global e-commerce export market, and Skydo’s services are a key part of that journey. In fact, Amazon recently announced that it plans to enable over $80 billion in cumulative e-commerce exports from India by 2030. This ambitious target will see a massive increase in the demand for ‘Made in India’ products, and platforms like Skydo will play a vital role in processing the payments for these exports.
Through its Amazon Global Selling Program, Amazon has already helped over 1.5 lakh Indian exporters sell their products to customers across 200+ cities in more than 200 countries. In doing so, it has created a thriving ecosystem for Indian MSMEs (Micro, Small, and Medium Enterprises) and startups to expand globally. Skydo’s approval by Amazon is a significant step in streamlining the payment process for these sellers, allowing them to scale even faster.
As part of its mission, Skydo is not just solving payment issues—it’s helping Indian businesses grow. Small and medium-sized businesses (MSMEs) in India have long struggled with exporting, facing roadblocks like:
Skydo’s platform addresses all these challenges. By simplifying the entire process, it lets MSMEs focus on what matters most: growing their businesses and expanding into global markets.
For D2C brands that are creating innovative products in India and targeting international customers, Skydo’s easy-to-use platform becomes a key enabler. With secure payments, instant onboarding, and transparent pricing, these businesses can grow quickly and efficiently without worrying about the intricacies of international finance.
Looking ahead, India aims to hit a massive target of $1 trillion in merchandise exports by 2030. As part of this goal, initiatives like Amazon’s Global Selling Program will be pivotal in providing Indian businesses with access to global markets. With Skydo’s payment solutions in place, more and more exporters will have the tools they need to thrive on the global stage.
Skydo’s mission is to ensure that Indian businesses—whether small family-run shops or fast-growing startups—are able to handle cross-border payments effortlessly and with confidence. As the company expands its offerings, it will continue to empower thousands of Indian MSMEs and entrepreneurs, helping them take advantage of the booming global e-commerce market.
Skydo’s approval by Amazon as a Payment Service Provider marks an exciting moment for Indian exporters. By offering affordable, secure, and transparent payment solutions, Skydo is eliminating the barriers that have long stood in the way of smooth cross-border transactions. For Indian exporters looking to expand into global markets, Skydo offers the ideal solution to simplify international payments and grow their businesses.
As India continues to target ambitious export goals and businesses strive to meet increasing global demand, Skydo is well-positioned to become a key player in the future of e-commerce and cross-border trade.
