PB Fintech to set up payment aggregator subsidiary
PB Fintech, the promoter of Policy Bazaar, on Wednesday said its board has approved the incorporation of a wholly-owned subsidiary to carry on the business of payment aggregator.
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The subsidiary called ‘PB Pay Private Limited’ would carry on the business of payment aggregator’ domestic and/or cross border or both, as may be permitted by the Reserve Bank of India, by facilitating merchants with offline and/or digital payment acceptance infrastructure or both, the company said in a regulatory filing.
The paid-up share capital of the proposed company would be Rs 27 crore, it said.
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The application for the process of incorporation of the proposed wholly-owned subsidiary would be filed and completed subject to approval from the relevant authorities, it said.
PB Fintech, the promoter of Policy Bazaar, on Wednesday said its board has approved the incorporation of a wholly-owned subsidiary to carry on the business of payment aggregator.
![]()
The subsidiary called ‘PB Pay Private Limited’ would carry on the business of payment aggregator’ domestic and/or cross border or both, as may be permitted by the Reserve Bank of India, by facilitating merchants with offline and/or digital payment acceptance infrastructure or both, the company said in a regulatory filing.
The paid-up share capital of the proposed company would be Rs 27 crore, it said.
Discover the stories of your interest
The application for the process of incorporation of the proposed wholly-owned subsidiary would be filed and completed subject to approval from the relevant authorities, it said.
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