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Fintech CRED secures in-principle approval for payment aggregator license
CRED has received the in-principle approval for payment aggregator license in a boost to the Indian fintech startup that could help it better serve its CRED has received the in-principle approval for its payment aggregator license in a boost to the Indian fintech startup.
CRED has received the in-principle approval for 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 for the payment aggregator license this week, according to two sources familiar with the matter. Without a license, fintech startups must rely on third-party payment processors to handle transactions, and these players may not prioritize such mandates.
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