PB Fintech Subsidiary PB Pay Receives Payment Aggregator License from RBI
PB Fintech's subsidiary, PB Pay Private Limited, has been granted a Payment Aggregator license by the Reserve Bank of India. The authorization is effective from February 06, 2026. This license enables PB Pay to commence its payment aggregation business.
Obtaining a payment aggregator license is a key regulatory approval that enables the subsidiary to operate and potentially expand its services, impacting the company's fintech business segment.
The company's subsidiary has received a crucial license from the RBI, which is a positive development for its business operations.
PB Fintech Limited announced that its wholly-owned subsidiary, PB Pay Private Limited, has received a Certificate of Authorisation from the Reserve Bank of India (RBI) to commence operations as a payment aggregator. The authorization, granted on February 06, 2026, under number 290/2026, is effective from the same date.
This approval is a significant step for PB Pay, enabling it to formally carry on the business of a payment aggregator. The company had previously communicated about this application on April 15, 2025, April 09, 2024, and March 20, 2024. The RBI's decision marks a milestone for the subsidiary, allowing it to operate within the regulated payment ecosystem.
The details of the license were provided as per Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The certificate is valid from February 06, 2026, and is crucial for PB Pay's business operations in the payment aggregation space.
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