PB Fintech’s subsidiary PB Pay gets RBI nod to operate as online payment aggregator – CNBC TV18

PB Fintech Restricted, the guardian agency of Policybazaar, on Tuesday (April 15) introduced that its wholly owned subsidiary, PB Pay Non-public Restricted, has acquired an in-precept authorisation from the Reserve Financial institution of India (RBI) to operate as an Online Payment Aggregator.

“…we’re happy to inform that RBI has granted an In-Precept authorisation to PB Pay to operate as an Online Payment Aggregator beneath the Payment and Settlement Programs Act, 2007 vide its letter no. CO. DPSS.AUTH.No. S48/02.27.004/2025-26 dated April 15, 2025,” PB Fintech Restricted mentioned in a regulatory submitting.

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The approval, granted beneath the Payment and Settlement Programs Act, 2007, was communicated by way of RBI’s letter dated April 15, 2025. This growth follows earlier disclosures made by the corporate on March 20 and April 9, 2024, relating to the formation of PB Pay with the target of looking for registration as a Non-Banking Monetary Firm – Payment Aggregator (NBFC-PA).

Whereas the in-precept authorisation marks a major milestone for PB Pay, the corporate clarified that the approval is topic to compliance with the RBI’s tips on the regulation of Payment Aggregators and Payment Gateways issued on March 17, 2020, and subsequent clarifications dated March 31, 2021.

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Shares of PB Fintech Ltd ended at ₹1,623.50, up by ₹91.00, or 5.94%, on the BSE.