Skydo Partners with Amazon to Enable Seamless International Payments for Indian Sellers

Skydo, a leading cross-border payments platform, has obtained Payment Service Provider (PSP) approval from Amazon, making it one of the first homegrown platforms to offer seamless international payment services for Indian exporters selling on Amazon’s global marketplaces. 

This approval allows Amazon exporters to receive their international payouts through Skydo in a secure and cost-effective manner. Skydo, in partnership with HDFC Bank adheres to RBI regulations, and has already facilitated seamless international payments for over 10,000 Indian exporters.

Announcement of amazon

Amazon's recent announcement to enable over USD 80 billion in e-commerce exports from India by 2030 highlights the growing demand for 'Made in India' products and the key role payment service providers like Skydo will play in processing these payments. 

To attract Amazon Global sellers, Skydo is offering zero forex markup and a flat USD 1 transaction fee for the first three months.

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Key features of Skydo include transparent pricing based on live mid-market forex rates, instant digital onboarding, KYC, dedicated customer support, fast settlements, and simplified regulatory compliance with FIRA.

Srivatsan Sridhar, CEO of Skydo, emphasized their commitment to making international payments as easy and transparent as local transactions. Skydo's infrastructure ensures sellers can operate confidently in the global marketplace. 

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Skydo aims to help Indian MSMEs and D2C startups grow by simplifying cross-border payments allowing them to reach global markets more efficiently.

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