This certification aims to make credit card bill payments faster and more reliable for users.
As a BBPS COU, CRED can now process bill payments between all billers integrated into the BBPS network.
This activity accounted for about 40% of BBPS payment growth between June and July, CRED said.
The CRED Guarantee is a key feature of this update.
Makes sure that everyone credit card bill payments Payments made through CRED are settled promptly.
In the rare event of a delay, CRED is committed to covering late payment fees for users who have paid their bills in full on or before the due date.
In the last five years, CREDIT It has helped its 14 million members avoid late payment charges worth over ₹981 crore in the last year alone.
Additionally, more than 4 million members have seen improvements in their credit scores thanks to consistent, on-time payments.
Noopur Chaturvedi, CEO, NPCI Bharat BillPay (NBBL), said, “BBPS is a secure, efficient and seamless platform that supports both customers and billers. We are pleased to welcome CRED as a COU, which will bring more convenience to consumers and further enhance India’s digital public infrastructure.”
CRED Founder Kunal Shah said, “With COU certification, CRED is equipped to ensure timely payments on a consistent basis. BBPS, along with other digital infrastructures like UPI and account aggregators, provides a strong foundation for fintech innovation.”
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