Cred has received in-principle approval from the RBI for the payment aggregation business. Once the final approval is granted, Cred can expand its merchant payments business. Read more about this development in the fintech industry.
CRED has been actively introducing new products and features like UPI-based P2P payments, scan and pay, CRED escapes, and CRED Flash to boost its revenue.
The latest deal would allow CRED to offer investment product like direct mutual funds, FDs, SIPs, and digital gold to its user base besides financial planning tools. The company has also been looking to expand its new insurance product under fintech arm DASPL.
Reliance Jio has announced a smartphone-based Virtual Reality (VR) headset, right on time for IPL 2023. The device, which is reminiscent of Google’s Cardboard headset, is said to offer a 360° immersive view on a 100-inch virtual screen.