CRED secures RBI authorisation as payment aggregator, introduces biometric UPI payments. CRED receives RBI approval to operate as a payment aggregator and adds biometric authentication for UPI payments up to ₹5,000. CRED has received final approval from the Reserve Bank of India to operate as a payment aggregator, as per PTI reports. This allows the company to handle and route online payments for merchants within a regulated setup. Payment aggregators act as intermediaries between customers, merchants, and banks. They are required to follow RBI rules on capital, data storage, and transaction security. New UPI authentication method. Alongside this, CRED has introduced biometric authentication for UPI payments of up to ₹5,000. Users can approve transactions using fingerprint or face recognition instead of entering a PIN. The feature has been developed with the National Payments Corporation of India (NPCI) and is available on both Android and iOS devices. It covers credit card bill payments, utility payments, merchant payments, and peer-to-peer transfers. How it fits regulations. Digital payments in India require at least 2 levels of authentication. For UPI, 1 of these must be dynamic or unique to each transaction. Biometric authentication meets this requirement as it is linked to the user's device and identity. It also reduces cases of failed transactions caused by incorrect PIN entry. Wider industry trend. Other platforms such as PhonePe and the BHIM app have also enabled biometric-based approvals. Global networks including Visa and Mastercard are testing similar systems using passkeys, replacing 1-time passwords in some cases. Conclusion. The approval places CRED among regulated payment aggregators, while the addition of biometric authentication shows ongoing changes in how digital payments are authorised. Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Published on: Mar 26, 2026, 10:59 AM IST Team Angel One Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories. Angel Broking Ltd. is Live on WhatsApp! Join its channel for market insights & updates Open free demat account! Join its 3.5 Cr+ happy customers 4.4 Cr+ DOWNLOADS Enjoy ₹0 account opening charges. Get the link to download the App

Fintech giant Stripe continues its acquisition streak. Welcome to TechCrunch Fintech! This week, Gadgets Info is looking at Stripe's latest acquisition, the impact of fintech on Clio's funding, updates on digital banking startup Mercury, and more. The big story. Payments giant Stripe has made its third acquisition in the past 14 months and its 15th overall, as reported by TechCrunch. Stripe acquired Lemon Squeezy, a 13-person merchant of record specializing in global sales tax calculation and payment for digital products. This move will expand Stripe's offerings to SaaS and software businesses. Stripe CEO Patrick Collison stated that the company plans to scale merchant of record services with this acquisition. Analysis of the week. Legal tech company Clio recently secured $900 million in funding, with embedded fintech playing a significant role in attracting investors. Clio's integration of payments into its platform led to a surge in Annual Recurring Revenue (ARR) to over $200 million, showing the power of fintech in driving growth and profitability. Dollars and cents. Egyptian fintech unicorn, MNT-Halan, raised $157.5 million to fund its expansion into Turkey through the acquisition of Tam Finans. TigerBeetle, a financial transaction processing database provider, closed a $24 million Series A round led by Spark Capital. What else Gadgets Info is writing. Mercury, a digital banking startup, faced backlash for a policy change affecting customers in certain countries, but later clarified the issue. Indian fintech startup CRED introduced a new feature to help customers manage cash flow, while Revolut obtained a banking license in the UK. High-interest headlines. Global funding for financial services has slowed in the past 5 quarters. Jack Dorsey announces a reorganization at Block. Robinhood introduces joint investing accounts. Europe gears up for a Visa and Mastercard competitor in Belgium. Nova Credit adds Credit Karma co-founder Nichole Mustard to its board, while UniCredit makes acquisitions in the banking-as-a-service and digital bank sectors. For tips, contact [email protected] or message TechCrunch at [email protected].

Inside Flipkart's journey to 90 million QPS: scaling with Aerospike and kubernetes. During the Aerospike Bangalore Summit, Aditya Goyal and Sahil Jain of Flipkart, India's leading e-commerce platform, shared how they use Aerospike to power a billion-scale shopping experience. From reimagining digital payments to powering massive personalization, innovators from phonepe, airtel, CRED, Flipkart, inmobi, and mpokket took the stage at Aerospike India Summit 2025 to share how they're transforming real-time data into real-world advantage. See what's shaping the next decade of data-driven innovation.