In a strategic move, Cred has launched an innovative UPI-based ‘Scan and Pay’ service, marking its entry into the offline payments sphere, challenging incumbents like PhonePe, Google Pay, and Paytm. This service allows users to make payments directly from their bank accounts using any QR code, extending convenience to large format stores such as supermarkets, fast-food joints, beauty salons, and fashion boutiques.
Cred introduces versatile payment terminals for merchants, including portable “pocket” devices, high-traffic “kiosks,” and dynamic QR code display units. These devices enable personalized rewards tailored to specific user demographics and transaction patterns, fostering customer loyalty and engagement. Moreover, the interoperability of UPI facilitates seamless transactions across various applications, enhancing accessibility and convenience.
With a focus on user benefits, Cred ensures rewards for each transaction, incentivizing users to choose its platform for offline payments. Leveraging its existing user base and rewards program, Cred aims to accelerate adoption of its offline payments service and emerge as a formidable competitor in the market.
Indian athletic sensation Neeraj Chopra continued his dominance in the men's javelin throw event, clinching…
The United States is known for its diverse range of state nicknames, each reflecting unique…
India, one of the world's fastest-growing economies, is home to several billionaires who have carved…
In FY24, Bank of Maharashtra emerged as a frontrunner among public sector banks, showcasing remarkable…
The National Commission for Backward Classes (NCBC) has reported significant increases in student enrollment under…
Indian spiritual guru Sri Sri Ravi Shankar received the first stamp released to commemorate the…