Fintech CRED secures in-principle approval for payment aggregator license
TechCrunch·2024-04-20 12:01
CRED has received the in-principle approval for a payment aggregator license in a boost to the Indian fintech startup that could help it better serve its customers and launch new products and experiment with ideas faster.
The Bengaluru-headquartered startup, valued at $6.4 billion, received the in-principle approval from the Reserve Bank of India (RBI) for the payment aggregator license this week, according to two sources familiar with the matter.
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