REGULATORY · COMPETITIVE · INDIA
CRED receives RBI authorisation to operate as payment aggregator
Change
CRED received final authorisation from the Reserve Bank of India to operate as a payment aggregator.
Why it matters
Dreamplug Paytech Solutions Private Limited (CRED) is authorised to operate a payment system under Reserve Bank of India supervision. The authorisation permits onboarding merchants and collecting payments on their behalf across payment instruments. The licence covers handling settlements and processing refunds for merchant transactions. CRED and its subsidiaries now hold two Reserve Bank of India authorisations, including a Prepaid Payment Instrument (PPI) licence, and reported consolidated operating revenue of Rs 2,735 crore in FY25.
Implications
- • Merchants can be integrated into CRED's payment-acceptance flows.
- • CRED is responsible for managing payment collection across multiple payment instruments for merchant transactions.
- • Settlement and refund processing for merchant transactions will be executed through CRED's authorised payment infrastructure.
- • CRED's payments activities and related subsidiaries operate under direct Reserve Bank of India supervision and its authorisations.
Who is affected
- • Merchants using payment-acceptance services
- • Payment operations and settlement teams
- • Compliance and regulatory teams at CRED
- • CRED and its subsidiaries
Source
Topics
Finance & Banking Banking Regulation Financial Services Fintech & Payments