Launch · Financial Services

PB Fintech launches PB Pay payment aggregator platform

By Startup Enthusiast · 7 September 2026

What they do

PB Fintech runs the Policybazaar insurance portal and the Paisabazaar credit distribution marketplace across India

The firm went live with PB Pay, a payment aggregator service enabling merchants to accept digital payments from buyers

The rollout comes after the group secured regulatory clearance from India's central bank earlier in February 2026

PB Fintech rolled out its PB Pay payment merchant solution on September 7, 2026.
The system accepts UPI, credit and debit cards, net banking, digital wallets, monthly instalments, and mandate deductions via one setup.
PB Pay routes payments using dynamic logic based on fee efficiency and transaction success rates.
The service is built with PCI DSS compliance and ISO 27001 certification to protect systems.
The infrastructure applies automated transaction surveillance along with data encryption to curb transaction fraud.
The Reserve Bank of India granted the entity its Payment Aggregator licence approval in February 2026.
Executive leadership for the payment aggregator unit is headed by Chief Executive Officer Harsh Masta.

PB Fintech generated ₹670 crore in annual net income during FY26, climbing 90% over the prior year.
The enterprise operates with zero debt and held ₹5,109 crore in liquidity reserves at the end of FY26.
The rollout builds on corporate expansion efforts that saw the introduction of Pensionbazaar and PB Wheels.

PB Fintech manages Policybazaar, an insurance marketplace founded in 2008, and Paisabazaar, a lending portal established in 2014.
The digital company supplies consumer comparison infrastructure designed to boost marketplace openness for insurance and debt products.
Policybazaar accounted for 18-20% of new retail health coverage distributed across India during FY26.
Paisabazaar enabled ₹30,740 crore in credit disbursements across FY26, recording a 50% year-on-year surge.
The enterprise broadened its global presence across the UAE and set up an office in GIFT City.

Jefferies is arranging an in-person gathering for company investors on September 14, 2026, in Gurugram.
The leadership team will attend an analyst session at the Jefferies India Forum on September 16, 2026.