New Delhi, June 10 -- Fintech players PhonePe and CRED may soon bring back the option to pay rent using credit cards, according to a Moneycontrol report, citing sources. The companies are reportedly testing the feature with a small group of users under a marketplace-based model.

The companies also told the news publication that a wider rollout could be possible as early as next month. The development could revive a payment option that had mostly disappeared from major fintech platforms after the Reserve Bank of India (RBI) in September last year raised regulatory concerns over person-to-person (P2P) transactions.

Prior to that, in 2024, several major banks used to impose a 1% fee on such transactions. The practice also operated in a con...