Overview
- The authorisation lets CRED onboard merchants, accept payments across instruments, and handle settlements and refunds under RBI oversight.
- CRED also holds a Prepaid Payment Instrument licence, and group entities are licensed with IRDA (corporate agency), SEBI (registered investment adviser), and NPCI (TPAP).
- For FY25, the company reported consolidated operating revenue of Rs 2,735 crore and a reduced operating loss of Rs 298 crore, with a member base above 1.5 crore.
- CRED said it processed payments exceeding Rs 8.5 lakh crore in FY2024–25 and that more than one‑third of India’s credit card bill payments occur on its platform.
- The final nod follows in‑principle approval in April 2024 and builds on CRED’s UPI expansion launched in 2023, which recorded 15.6 crore transactions in December 2025.