PB Fintech’s wholly owned subsidiary -- PB Pay has received In-Principal authorisation from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator.
Earlier, the company had incorporated wholly owned subsidiary -- PB Pay to apply to the RBI for obtaining Certificate of Registration (CoR) as NBFC-Payment Aggregator (NBFC-PA).
PB Fintech is the parent entity of Policybazaar, India's leading online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage.