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Informative

PB Fintech Arm Gets In-Principle Nod As Payment Aggregator

Update / Judgement Date

16 Apr 2025

Source

Inc42

Author

Team — WCP Legal Desk

Reading Time

1 min read

BankingRBI

PB Fintech's arm has received in-principle approval to operate as a payment aggregator. This approval allows PB Fintech to facilitate online transactions between merchants and customers. This move enables PB Fintech to expand its financial services offerings beyond insurance and lending. The RBI's approval signifies compliance with regulatory requirements. This development positions PB Fintech to compete in the digital payments sector.