RBI has granted CRED final authorization to operate as a Payment Aggregator, allowing the company to onboard merchants and process payments directly under regulator supervision. The fintech firm processed payments worth over Rs 8.5 lakh crore in FY25 for over 1.5 crore users, with more than one-third of India's credit card bill payments now made through its platform. https://entrackr.com/snippets/cred-receives-final-authorisation-from-rbi-to-operate-as-a-payment-aggregator-11194601 #India #Tech #Fintech #CRED
CRED receives final authorisation from RBI to operate as a payment aggregator

Reserve Bank of India has granted final authorisation to CRED to operate as a Payment Aggregator (PA). The approval allows the company to onboard merchants. Snippets

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