Payment Aggregator License Approved in Principle for Fintech CRED

Quick Summary:

CRED has received the in-principle approval for payment aggregator license in a boost to the Indian fintech startup that could help it better serve its customers and launch new products and experiment with ideas faster.

In a stunning move, the Reserve Bank of India ordered Paytm Payments Bank earlier this year to halt most of its businesses.

Payment aggregators are essential in facilitating online transactions by acting as intermediaries between merchants and customers.

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Article Details

Author / Journalist: Manish Singh

Category: Technology

Markets: United StatesIndia

Topics: Fintech India Reserve Bank of India Cred RBI

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-19 @ 08:37:44 (2 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 365 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 20726626

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