Cred introduces the 'Scan -; Pay' feature for its customers

3 Oct 2022 , 09:52 AM

Cred, a fintech firm, has introduced a “Scan & Pay” function for its 9 million users as part of its entry into the offline payments market.

Members of Cred will be able to easily make payments through their bank accounts thanks to the Unified Payments Interface (UPI) capability.

Peer-to-peer (P2P) transactions can also be carried out using this function, either by scanning a quick response (QR) code or by entering the beneficiary’s UPI identification.

To avoid using phone numbers in the virtual payment address of the UPI ID, the payment feature encourages users to create a UPI alias.

Cred has also included payment protection in an effort to ease the stress associated with stalled payments.

When a payment has been deducted but has not reached the intended recipient and is later determined to have been successful, this will enable a user to get the money back.

In order to encourage the use of its payment service, the corporation is also employing prizes.

Users can receive cashbacks at specific retailers or real-world redeemable Cred points.

For feedback and suggestions, write to us at [e-mail]