July 18, 2025 01:20 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'We would caution against any double standards': India on NATO's warning over Russia trade sanctions | Karnataka govt blames RCB for Bengaluru stampede, refers to Kohli's online message too | 'Premature and irresponsible': Indian pilots' body slams Air India crash probe report | Bihar CM Nitish Kumar announces free electricity upto 125 units ahead of assembly polls | Air India finds 'no issues' with fuel control switch on Boeing 787-8 planes after precautionary checks | Anchor runs mid-telecast as Israeli airstrikes hit Syria's state TV building | Rare oil painting of Mahatma Gandhi sells for an astounding Rs 1.7 crore | Brother of Yemeni man killed by Nimisha Priya opposes pardon of Kerala nurse | Can't win today's warfare with outdated weapons: CDS General Anil Chauhan seeks upgradation of India's defence system | Shubhanshu Shukla returns to Earth after his 18-day mission to space
Photo courtesy: UNI

Cred gets RBI's in-principle approval to operate as payment aggregator

| @indiablooms | Apr 20, 2024, at 06:25 am

Mumbai: Bengaluru headquartered firm Cred, a top third-party app for credit card bill settlements in India, has received in-principle approval from the Reserve Bank of India (RBI) to operate as a payment app, said media reports.

The startup also operates a range of other products and services including a modest e-commerce platform, vehicle management services, and a curated travel package platform.

According to reports, the company valued at $ 6.4 billion received the approval this week.

In February, CRED forayed into the wealth management sector by acquiring Kuvera, an online platform, said reports.

This strategic move positions the company to directly contend with established players such as Zerodha and Groww in the wealth management sector.tum

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
Close menu