Indian fintech Cred secures payment aggregator license
Cred received central bank approval to operate as a payment aggregator on Wednesday. The license lets the firm manage merchant payments, settlements, and refunds.
Xurve View
Xurve View
The financial technology sector in India has reached a new milestone with Cred receiving formal approval from the central bank to function as a payment aggregator. The company, which maintains strong backing from venture capital giants Tiger Global and Peak XV, announced the regulatory clearance on Wednesday, marking a significant step in its service expansion.
