PB Fintech Share Price Rises by 1.08% After RBI’s Approval for PB Pay

PB Fintech share price was up 1.08% and was trading at ₹1637.10 at 9.45 AM. Its subsidiary, PB Pay, has received RBI’s approval to operate as an Online Payment Aggregator. This means PB Pay can process online payments for merchants and customers. It has now become a licensed payment aggregator.

The provisional authorisation was granted by RBI under the Payment and Settlement Systems Act, 2007.

Background and Future Steps

During March-April 2024, PB Fintech had set an intention to become an NBFC-Payment Aggregator (NBFC-PA). The recent in-principle approval is a major step toward that goal.

The company will now work to meet all the conditions set by the RBI. The bank’s guidelines on payment aggregators and gateways was issued on March 17, 2020. The PB Pay will also have to follow additional clarifications issued by the RBI on March 31, 2021.

PB Fintech Share Price Performance

The market reacted positively to the news. PB Fintech share price closed at ₹1,623.50 on the Bombay Stock Exchange (BSE) on Tuesday, April 15, 2025, gaining ₹91 or 5.94% during the session.

Other Developments

This update comes shortly after PB Fintech had announced a ₹696 crore investment into its healthcare arm. Earlier in the year, the company also reported an 88.2% rise in its Q3 profit to ₹71.5 crore, driven by a 44% year-on-year growth in new insurance premiums.

Conclusion

PB Fintech share price will continue to remain in focus in the coming days. After achieveing RBI’s provisional approval, its subsidiary will be able to expand into India’s digital payments space. If it meets all regulatory norms, it will soon become a full-fledged online payment aggregator.

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