PhonePe, CRED quietly pilot credit-card rent payments revival under marketplace model
Both fintechs are testing a relaunch of credit card rent payments with select users, with wider rollout possible next month. The feature was paused after RBI flagged P2P concerns in September. New marketplace structure carries a ~1% fee and aims to differentiate from wallet loading.
What happened
PhonePe and CRED are testing a relaunch of credit card rent payments under a marketplace model with select users, with wider rollout possible next month,
Key facts
- 1% fee
Why this matters
Rent payments re-emerging as a contested category signals renewed M&A and partnership intent around recurring high-ticket consumer flows—worth mapping which rent-tech and landlord-aggregator assets become strategic before wider rollout.