PB Fintech, the parent company of Policybazaar, announced that its wholly owned subsidiary PB Pay Private Limited has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator. The approval, granted under the Payment and Settlement Systems Act, 2007, was disclosed in a late-evening regulatory filing on Tuesday, 15th April, 2025.
The RBI’s authorisation is subject to compliance with the guidelines outlined in the Regulation of Payment Aggregators and Payment Gateways, issued on 17th March, 2020. PB Pay was established specifically to obtain a Certificate of Registration (CoR) as a Non-Banking Financial Company – Payment Aggregator (NBFC-PA). The paid-up share capital of PB Pay is reported to be Rs 27 crore.
The move comes as PB Fintech continues to diversify its business verticals. In a separate development, the company revealed plans to infuse Rs 696 crore into another subsidiary, PB Healthcare Services Private Limited, in the next financial year. This capital injection, subject to shareholder approval via postal ballot, will be made in partnership with external investors.
The funding will support general operations, expand brand presence and fuel strategic initiatives for the healthcare arm, which was incorporated in January 2025 to provide healthcare and allied services across India.
On the financial front, PB Fintech reported a 92 per cent surge in consolidated profit after tax (PAT) to Rs 71.54 crore for Q3 FY25, compared to Rs 37.23 crore in the same quarter last year. The company also swung to an EBITDA profit of Rs 28 crore, a significant turnaround from an EBITDA loss of Rs 25 crore in Q3 FY24—driven primarily by robust insurance premium collections.
With its growing digital and healthcare ecosystem, PB Fintech is emerging as a strong player in India’s evolving fintech and insurtech landscape.
