RBI Authorises CRED To Operate as Payment Aggregator
In March 2026, the Reserve Bank of India (RBI) granted authorisation to CRED, a fintech platform operated by Dreamplug Technologies Private Limited, to operate as Payment Aggregator (PA), under the Payment and Settlement Systems Act(PSSA), 2007.
In March 2026, the Reserve Bank of India (RBI) granted authorisation to CRED, a fintech platform operated by Dreamplug Technologies Private Limited, to operate as Payment Aggregator (PA), under the Payment and Settlement Systems Act(PSSA), 2007.
- This approval will help the company in expanding its role in India’s digital payments ecosystem.
About the Authorisation:
Function: This authorisation will enable the company to onboard merchants directly and manage payment flows without depending on intermediaries or partner banks.
PPI License: Following this approval, the CRED and its subsidiaries now hold two key RBI licenses, including a license to operate as Prepaid Payment Instrument (PPI).
Other Key Licenses: The company also holds a corporate agency licence from the Insurance Regulatory and Development Authority (IRDAI); Registered investment adviser licence from the Securities and Exchange Board of India (SEBI); and Third-party application provider (TPAP) license from the National Payments Corporation of India (NPCI).
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