Fintech Skydo Bags Crucial Payment Service Provider Approvals from RBI & GIFT City
The license enables Skydo to deliver multi-currency payments, international money transfers, global collection services, and e-money accounts.
Additionally, Skydo obtained RBI approval under the Payment Aggregator-Cross Border (PA-CB) framework for outward international payments.
Prior to this, Skydo had already secured authorizations to collect export payments from international buyers, completing its end-to-end global remittance loop.
Exam Perspective: Streamlined cross-border B2B digital payments boost Indian MSME exports by reducing processing timelines and transaction costs.
Key Facts / Static GK
PA-CB Framework Full Form: Payment Aggregator-Cross Border
Fintech Company: Skydo
Q Practice Quiz — 25 May 2026
1. Which banking institution registered the highest target achievement of 288% under the Atal Pension Yojana (APY) mobilization campaign during the financial year 2025-26?
Explanation: Among Regional Rural Banks (RRBs), Jharkhand Rajya Gramin Bank recorded the highest performance, achieving 288% of its designated target under the Atal Pension Yojana (APY) in FY 2025-26.
2. Under which statutory legislation did the Reserve Bank of India grant the final Prepaid Payment Instrument (PPI) issuer authorization to ZikZuk Technologies?
Explanation: The Reserve Bank of India (RBI) issued the final operating authorization to ZikZuk Technologies under the regulatory provisions of the Payment and Settlement Systems Act (PSSA), 2007.
3. Which mathematical model is utilized to structure the benchmark of India's first exchange-traded weather derivatives contract 'RAINMUMBAI'?
Explanation: The 'RAINMUMBAI' weather derivatives contract is structured on the Cumulative Deviation Rainfall (CDR) model, which measures actual monsoon rainfall deviation from the historical Long Period Average (LPA).
4. Who has been appointed to chair the newly formed PFRDA committee tasked with exploring new asset classes to maximize returns under the National Pension System (NPS)?
Explanation: The committee established by the Pension Fund Regulatory and Development Authority (PFRDA) to evaluate the addition of new asset classes to improve NPS returns is chaired by Narayan Ramachandran.
5. Which of the following represents the largest infrastructure development approved under India's recent ₹2,600 crore allocation for the Chenab river basin?
Explanation: The Chenab-Beas Link Tunnel Project is the largest among the approved projects, valued at ₹2,352 crore, and features an 8.7-km tunnel constructed in the Lahaul-Spiti region of Himachal Pradesh.
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