CRED, PhonePe, Paytm stop rent payments via credit cards

CRED, PhonePe, and Paytm have halted rent payments via credit cards on their platforms, according to three sources aware of the matter. The move follows the Reserve Bank of India’s (RBI) latest master directions on payment aggregator regulations.

Entrackr tested rent payments by credit card on these apps and found the service temporarily unavailable.

“CRED, PhonePe, and Paytm suspended the rent payment service just two days after the new guidelines were issued. While they technically have time until later this year to comply, the companies acted…