PhonePe, CRED revive credit card rent payments under marketplace model; rollout eyed next month
After RBI flagged P2P concerns last year, PhonePe and CRED are piloting a KYC-compliant marketplace for credit card rent payments at ~1% fee. NoBroker, PayZapp and RedGiraffe have already restarted. Higher TDS thresholds (₹6 lakh annual, ₹50,000 monthly) ease friction for tenants.
PhonePe and CRED are piloting a revival of credit card rent payments under a marketplace model with KYC compliance, after RBI flagged P2P concerns last year. Official rollout could come next month; NoBroker, PayZapp, RedGiraffe already restarted.