Fintech Firm CRED Receives Final Payment Aggregator License from RBI
With this license, CRED is now authorized to provide both online and physical payment processing services to its merchant partners.
This transition from in-principle to final approval allows CRED to expand its footprint in the competitive Indian payments ecosystem.
Regulatory oversight ensures that payment aggregators maintain adequate capital and security standards to protect consumer funds.
Key Facts / Static GK
Payment Aggregator License: Mandatory for entities handling merchant funds for payments
Practice Quiz — 14 March 2026
Q1. Who has been appointed as the Managing Director and CEO designate of Yes Bank, effective from April 2026?
Q2. Which of the following statements is correct regarding the PM-KISAN scheme as of March 2026?
Q3. What is the generating capacity of the 'Bharat Small Modular Reactor' (BSMR) being developed by BARC?
Q4. Consider the following statements regarding the 6G research projects in India: 1. 104 projects have been approved with a budget of ‡271 crore. 2. The projects are funded under the TTDF scheme. 3. The long-term spectrum plan for 6G extends up to 2035.
Q5. What is the primary function of the 'Bhavantar Bhugtan Yojana' extended by the Madhya Pradesh government?
Keep Learning with PrepZen
Get daily current affairs, live mock tests, mistake bank, vocab builder & more — all free on your phone.