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BankingNABARD / RBI

CRED Gets RBI Payment Aggregator Authorisation

16 March 20261 min read
BANKING & FINANCECRED Gets RBIPaymentAggregatorAuthorisation16 March 2026safalsetu.com

Why in the news

The Reserve Bank of India gave the fintech platform CRED a licence to run as a Payment Aggregator.

Key facts

  • Regulator: Reserve Bank of India.
  • Authorisation: Payment Aggregator.
  • Law: Payment and Settlement Systems Act, 2007.
  • What it permits: bringing merchants on board directly and handling payment flows.
RegulatorStatus for CRED
RBIPayment Aggregator authorisation (new)
IRDAIAlready licensed
SEBIAlready licensed
NPCIAlready licensed

Exam angle

  • Fintech in the news: CRED.
  • Governing law: PSS Act, 2007.
  • Payment Aggregator role: onboard merchants and manage payments.

Test yourself

1. Which fintech platform received RBI authorisation as a Payment Aggregator in March 2026?

RBI authorised CRED under the Payment and Settlement Systems Act, 2007.

2. Under which Act did RBI authorise CRED to operate as a Payment Aggregator?

The licence was issued under the Payment and Settlement Systems Act, 2007.

3. What can CRED do after becoming a Payment Aggregator?

It can onboard merchants directly and manage payment flows.

This topic is part of Daily Current Affairs 12 & 13 & 14 March 2026 (28 topics).

All topics of the dayDay quizMarch 2026

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