CRED, a reward-based payments platform, has introduced CRED Money, a financial management platform.
CRED Money enables users to view balances and transactions from multiple bank accounts, wallets, and UPI IDs in a single location, as well as to analyze expenditures and make recurring payments.
CRED Money enables members to comprehend their financial patterns without disclosing their bank account information. Among other participants of the account aggregator ecosystem, the application will retrieve information from banks, mutual funds, and insurance providers.
CRED Money will be distributed to its members in stages beginning today. It will also enable customers to monitor transactions across bank accounts, UPI IDs, credit cards, and UPI IDs, as well as to trace forgotten investments, tax refunds, and streamline recurring payments such as SIP and insurance policies.
It is constructed on the account aggregator (AA) framework, as per CRED Money, which allows consumers to authorize the secure and encrypted exchange of their bank account information between authorized organizations.
About CRED
Founded in 2018 by Kunal Shah, CRED is a members-only club that rewards individuals for their timely credit card bill payments by providing them with exclusive offers and access to premium experiences.
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