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RBI Grants Approval to Fintech Firm Cred for Payment Aggregation
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Cred gets RBI nod to operate as payment aggregator, eyes seamless transactions
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Storyboard
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11-03-2026, 17:16
Cred gets RBI nod to operate as payment aggregator, eyes seamless transactions
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Fintech firm Cred receives RBI authorization to operate as a payment aggregator (PA).
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The license, granted to Dreamplug Paytech Solutions Private Limited, allows direct merchant onboarding and payment processing.
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This enables Cred to manage core payment flows, promising faster and more seamless user experiences.
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Cred now holds two RBI licenses (PA, PPI) and other approvals from IRDA, SEBI, and NPCI.
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Founded in 2018, Cred has expanded its financial services, processing over Rs 8.5 lakh crore for 1.5 crore users.
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