About the company- Cred, a leading fintech company, has secured in-principle approval for a payment aggregator license from the Reserve Bank of India. This approval marks a significant milestone for Cred, as it positions the company to expand its services and offer a wider range of payment solutions to its customers.
A significant milestone has been achieved by the fintech company Cred, as it has secured in-principle approval for a payment aggregator license from the Reserve Bank of India (RBI). This approval marks a crucial step forward for Cred, allowing it to expand its services and offer a wider range of payment solutions to its customers.
The payment aggregator license will enable Cred to act as an intermediary between merchants and payment gateways, facilitating seamless transactions and providing value-added services to both parties. By obtaining this license, Cred is positioning itself to become a major player in the Indian fintech landscape. The in-principle approval from the RBI is a testament to Cred’s commitment to compliance and its ability to meet the stringent regulatory requirements of the financial sector. This approval also reflects the growing trust and confidence in Cred’s capabilities and its potential to contribute to the development of India’s digital economy.
As Cred moves forward with the process of obtaining the full payment aggregator license, it is expected to further enhance its offerings and strengthen its position in the market. The company’s success in securing this in-principle approval is a positive indicator of the growing maturity and innovation within the Indian fintech industry.
About the founder- Kunal Shah, has played a pivotal role in the company’s growth and success. Their visionary leadership and entrepreneurial spirit have contributed significantly to Cred’s emergence as a leading fintech player. Under their guidance, Cred has established itself as a trusted and innovative provider of financial services.
