CRED Receives RBI Authorisation to Operate as Payment Aggregator

Fintech platform CRED has received final authorisation from the Reserve Bank of India (RBI) to operate as a payment aggregator. The approval enables the company to facilitate online payment processing for businesses and merchants. 

With this development, the Bengaluru-based firm now holds two RBI licences, including approval for operating a prepaid payment instrument (PPI).

The announcement comes as the company continues to expand its product offerings and financial services.

RBI Grants Payment Aggregator Authorisation

CRED announced that it has received the Reserve Bank of India’s final approval to operate as a payment aggregator. Payment aggregators act as intermediaries that enable merchants to accept digital payments from customers through multiple payment methods.

The authorisation allows the company to offer payment processing services within the regulatory framework established by the central bank.

Existing RBI Licence for Prepaid Payment Instruments

Along with the newly granted approval, CRED and its subsidiaries already hold a Prepaid Payment Instrument (PPI) licence issued by the Reserve Bank of India. PPI licences allow companies to operate digital wallets and other stored-value payment systems.

Holding both authorisations enables the company to expand its financial services infrastructure within regulated payment segments.

Financial Performance in FY25

The company reported a reduction in operating losses during the financial year 2024–25. Operating losses declined to ₹298 crore in FY25, compared with ₹609 crore in FY24.

At the same time, CRED recorded growth in its consolidated operating revenue.

Revenue Growth Driven by Product Expansion

CRED stated that its consolidated operating revenue increased by 16%, reaching ₹2,735 crore in FY25. The company attributed the revenue growth to the expansion of its product portfolio and the continued adoption of its services by users.

Over time, the platform has broadened its offerings beyond credit card payment management to include lending, commerce and payment-related services.

Read More: LPG Booking Gap Increased to 25 Days from 21 Days: Government Introduces New Rule.

Conclusion

The RBI’s authorisation allows CRED to operate as a payment aggregator under the regulatory framework governing digital payments in India. Combined with its existing PPI licence, the approval supports the company’s plans to broaden its payment and financial service capabilities while continuing to expand its product offerings.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks. Read all related documents carefully before investing.