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PB Fintech’s Subsidiary Gains RBI Nod for Payment Aggregator Role

Story Highlights
  • PB Fintech’s subsidiary, PB Pay, received RBI approval to operate as a payment aggregator.
  • This authorization could enhance PB Fintech’s market position in digital payments.
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PB Fintech’s Subsidiary Gains RBI Nod for Payment Aggregator Role

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PB Fintech Limited ( (IN:POLICYBZR) ) has provided an announcement.

PB Fintech Limited announced that its wholly owned subsidiary, PB Pay Private Limited, has received in-principle authorization from the Reserve Bank of India to operate as an Online Payment Aggregator. This development marks a significant step for PB Fintech in expanding its financial services offerings, potentially enhancing its market position and providing new opportunities for growth in the digital payments sector.

More about PB Fintech Limited

PB Fintech Limited operates in the financial technology industry, primarily focusing on providing insurance and financial services through its online platforms. The company is known for its digital-first approach, offering products like insurance comparison and financial advisory services, and has a significant presence in the Indian market.

YTD Price Performance: -27.66%

Average Trading Volume: 63,417

Current Market Cap: 703.8B INR

For an in-depth examination of POLICYBZR stock, go to TipRanks’ Stock Analysis page.

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