Cred gets RBI approval to operate as payment aggregator
Cred announced it has received approval from the Reserve Bank of India to operate as a payment aggregator, a step that lets the company legally collect and route digital payments on behalf of merchants. The clearance, disclosed on March 11, 2026, follows Cred’s evolution from a credit-card rewards and lending-focused startup into broader payments infrastructure, and comes while the firm continues to scale its user base and merchant relationships.
The approval matters because payment aggregator status allows faster merchant onboarding, unified settlement flows and deeper product integration—tools that can help Cred diversify revenue and push new payment offerings to its customers. For the wider fintech and crypto-adjacent ecosystem in India, the move signals continued regulatory engagement with platform players and may ease integrations for merchants accepting both fiat and digital payment options in the future.