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Informative

PolicyBazaar’s PB Pay receives RBI approval for Payment Aggregation

Update / Judgement Date

16 Apr 2025

Source

Entrackr

Author

Team — WCP Legal Desk

Reading Time

1 min read

BankingRBI

Policybazaar's PB Pay has received RBI approval for payment aggregation. This approval allows PB Pay to facilitate online transactions between merchants and customers. This move enables Policybazaar to expand its financial services offerings and enter the growing digital payments market. The RBI's authorization signifies compliance with regulatory requirements and allows PB Pay to operate within the regulated financial ecosystem. This development positions Policybazaar to compete in the fintech sector.