In this episode of India FinTech Diaries, we explore the complexities of cross-border payments with Movin Jain, co-founder of Skydo. Skydo has been at the forefront of simplifying global transactions for Indian businesses, providing seamless B2B payment solutions to small and medium enterprises (SMEs) across various sectors. Movin shares insights on how Skydo is breaking down the barriers of traditional banking, making international payments faster, cheaper, and more transparent.
Key Highlights:
đź’ˇ Challenges in Cross-Border Payments: Movin explains the complexity of global transactions, from financial crime risks to the high costs imposed by traditional banks.
🚀 Skydo’s Solution: Learn how Skydo’s virtual foreign currency accounts are helping Indian businesses receive payments from over 100 countries, eliminating the need for local bank accounts.
🌍 The Future of B2B Payments: Movin shares his vision for the future, from expanding Skydo’s customer base to leveraging regulatory approvals to foster trust in the platform.
Tune in to this insightful episode to understand how Skydo is transforming the landscape of cross-border payments for Indian SMEs.
Timeline
00:00 Start
00:45 Introduction
01:34 About Movin
04:22 Complexity of Cross-Border Payments
09:32 Skydo and Cross-Border Payments
13:35 Target customer segments
15:56 Business model of Skydo
17:19 Regulatory framework
19:36 Skydo’s competitive moat
22:29 The road ahead
26:31 Headwinds and Tailwinds in the future