/images/ppid_59c68470-image-177063256546745294.webp)
What is the story about?
PB Fintech announced that its wholly owned subsidiary, PB Pay Private Limited, has been granted a Certificate of Authorisation (CoA) by the Reserve Bank of India (RBI) to operate as a payment aggregator.
The approval, effective from February 6, allows PB Pay to commence its payment aggregation business.
The CoA, issued under RBI letter, marks a regulatory milestone for PB Pay, enabling it to legally carry out payment aggregation services. The certificate remains valid from the date of issuance, with no withdrawals, cancellations, or penalties reported.
PB Fintech, listed on the National Stock Exchange (symbol: POLICYBZR) and BSE (scrip code: 543390), noted that the approval strengthens its digital payments operations through PB Pay, supporting the company’s broader fintech strategy.
ALSO READ | Kaveri Seed sees sales surge, profits dip as costs weigh despite better efficiency
The approval, effective from February 6, allows PB Pay to commence its payment aggregation business.
The CoA, issued under RBI letter, marks a regulatory milestone for PB Pay, enabling it to legally carry out payment aggregation services. The certificate remains valid from the date of issuance, with no withdrawals, cancellations, or penalties reported.
PB Fintech, listed on the National Stock Exchange (symbol: POLICYBZR) and BSE (scrip code: 543390), noted that the approval strengthens its digital payments operations through PB Pay, supporting the company’s broader fintech strategy.
ALSO READ | Kaveri Seed sees sales surge, profits dip as costs weigh despite better efficiency
/images/ppid_a911dc6a-image-177080682382913390.webp)
/images/ppid_a911dc6a-image-177080673197030640.webp)
