Cred is testing UPI, may go live in a month

BENGALURU: Bengaluru-based Cred, which is trying to disrupt the way consumers pay their credit card bills, could go live on Unified Payments Interface (UPI) within a month. According to two people in the know, it is being tested in a closed user group currently as per the guidelines of the National Payments Corporation of India which runs UPI.

ET has learnt that while the testing is being done in partnership with Axis Bank, it could go live with multiple banks as well, issuing handles to its users through the application.

Cred was founded by Kunal Shah, who had disrupted the digital payments space with his mobile wallet startup Freecharge. With Cred, Shah is targeting the users of 44 million credit cards in the country offering them gift points for credit card bills settled through the platform that are redeemable across merchant outlets.