Bengaluru-based Fintech Skydo Receives Foreign Payment License in Canada
This represents Skydo's first international regulatory approval outside of the Indian subcontinent.
The license enables the firm to scale and expand its cross-border financial services across Canada and broader North American markets.
This demonstrates the growing global footprint and acceptability of Indian financial technology innovations in strict Western regulatory environments.
Key Facts / Static GK
IFSCA: International Financial Services Centres Authority (Est. 2020 under IFSCA Act 2019)
IFSCA Headquarters: Gandhinagar, Gujarat
Practice Quiz — 24 June 2026
Q1. Under which specific developmental operation has the World Bank approved the $1.5 billion financing to boost private sector jobs in India?
Q2. Which is the first Indian Non-Banking Financial Company (NBFC) to utilize the RBI's subsidized hedging facility for its $300 million dollar bond issuance?
Q3. Consider the following statements regarding the Government's stake sale in IRFC: 1. The government plans to divest up to 2% stake through an Offer for Sale (OFS). 2. The sale includes a 1% base offer and a 1% Green Shoe Option. 3. IRFC is a Maharatna PSU under the Ministry of Railways. Which of the statements given above are correct?
Q4. Which Indian fintech startup recently obtained its first international payment service license in Canada to expand its cross-border services?
Q5. NHAI has partnered with which organization to set up India's first permanent research centre dedicated to transport and logistics economics?
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