May 18, 2025 06:20 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Centre picks Shashi Tharoor to head all-party delegation for 'exposing' Pak-backed terrorism globally | Rape convict, survivor express willingness to get married; exchange flowers in Supreme Court | 'Are nukes safe with irresponsible and rogue nation like Pakistan?': Rajnath Singh questions world | 'Go and apologise': Supreme Court slams Madhya Pradesh minister over remark against Colonel Sofiya Qureshi | 'Can timelines be imposed?': President Murmu's question to Supreme Court on Tamil Nadu verdict | 'Had Indira Gandhi been alive, I would've asked her why PoK was not taken back in Simla Agreement': Himanta Biswa Sarma | India's stand demanding vacation of Pak-occupied Kashmir unchanged: MEA | PM Modi visits Adampur Air Base days after Operation Sindoor | Jammu and Kashmir: Three Lashkar-e-Taiba terrorists killed in encounter with security forces in Shopian | US: Two Indian students die in road mishap in Pennsylvania
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
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
PM Modi on Budget 2024 Jul 23, 2024, at 09:30 pm
Close menu