Skydo and Banking Circle have teamed up to offer better cross-border payment options for small and medium-sized businesses (SMBs). As a result, this partnership will allow SMBs using Skydo’s platform to provide their customers in the UK and EU with more local payment options.
Furthermore, Skydo’s CEO, Srivatsan Sridhar, mentioned that the company is always looking for ways to make payments faster, cheaper, and more compliant. By partnering with Banking Circle, they can help more Indian businesses expand globally.
Moreover, Skydo’s platform offers international payments with flat fees, real-time exchange rates, and no processing fees, helping Indian SMBs save up to 80% on foreign exchange costs.
Additionally, Banking Circle, a fully licensed bank, is focused on making global payments cheaper and more compliant. This partnership, therefore, gives Skydo a direct banking partner and access to Banking Circle’s infrastructure, making it easier for Skydo to offer more local payment options to its customers.
In this context, Banking Circle’s Chief Commercial Officer, Mishal Ruparel, said that using their virtual accounts and payment systems, Skydo can speed up payments, cut costs, and open up new markets.
As cross-border payments become increasingly important with the growth of global trade, businesses looking to expand internationally need smooth and efficient payment solutions more than ever.
Similarly, in another partnership, Bank of New York Mellon (BNY) and Commonwealth Bank of Australia (CBA) announced that businesses and individuals can now receive international payments from BNY customers in as little as 60 seconds, regardless of their bank.