Reserve Bank Of India Gives Approval To CRED To Operate As An Aggregator.

Mumbai; March 2026: The Reserve Bank Of India on 10th March 2026 has rendered administrative approval to Dreamplug Paytech Solutions Private Limited, having their registered office at: 404, Uphar II CHSL, Plot No. 05, BHD Sanjeeva Enclave, 7 Bungalows, Andheri West, Mumbai- 400061, to commence operation as “Payment Aggregators”.

The category under which they can operate is, PA-O: Payment Aggregator – Online.

The license would allow Cred to ​sign up merchants, ​collect payments on their ‌behalf ⁠across payment instruments, and handle settlement and refunds.

The company ​managed payments ​worth ⁠8.5 trillion rupees ($92.40 billion) ​for 15 million ​users ⁠in the fiscal year ended March ⁠2025, as per ​the firms audited report.

Team Maverick.