The licence allows the fintech major to onboard merchants, collect payments on their behalf across instruments, and handle settlement and refunds
CRED secured the in-principle approval from the central bank for its PA licence application in April 2024
As of FY25, CRED claimed that it managed payments of over ₹8.5 Lakh Cr, on behalf of 1.5 Cr creditworthy and affluent Indians
Bengaluru-based fintech unicorn CRED has received the final payment aggregator (PA) licence…

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