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Possible Answers:
CRED.
Last seen on: NY Times Crossword 10 Dec 22, Saturday
Random information on the term “Rep”:
Rep, rip, repp, or reps is a cloth woven in fine cords or ribs across the width of a piece, usually made of silk, wool, or cotton. The name is said to have been adapted from the French reps, a word of unknown origin; it has also been suggested that it is a corruption of rib. In silk it is used for dresses, neckties, and to some extent, for ecclesiastical vestments. In wool and cotton it is used for various upholstery purposes.
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Random information on the term “CRED”:
Airtel Payments Bank is an Indian payments bank with its headquarters in New Delhi. The company is a subsidiary of Bharti Airtel.On 5 January 2022, it was granted the scheduled bank status by Reserve Bank of India under second schedule of RBI Act, 1934.
In 2015, eleven companies received In-principle approval from the Reserve Bank of India to set up Payments Bank under the guidelines for Licensing of Payments Bank.
On 11 April 2016, Airtel Payments Bank became the first company to receive the Payments Bank license from the Reserve Bank of India under Section 22 (1) of the Banking Regulation Act, 1949. Airtel Payments Bank started with an 80:20 partnership between Bharti Airtel and Kotak Mahindra Bank.
Bharti Airtel launched Airtel Payments Bank in September 2016 and went live with its pilot project in Rajasthan in November 2016. It was launched nationally in January 2017 to support the cashless revolution promised by the Government of India.