Investment27 Jun 2025, 06:21 pm
PB Fintech Infuses INR 10 Crores into Subsidiary PB Pay
AI Summary
PB Fintech Ltd has invested INR 10 Crores into equity shares of its wholly owned subsidiary, PB Pay Private Limited. This investment will allow PB Pay to meet its general operating expenses and disclosure of reasons for carrying on a business activity as a payment aggregator, subject to approval/license from the Reserve Bank of India.
Key Highlights
- PB Fintech has invested INR 10 Crores in PB Pay
- PB Pay is a wholly owned subsidiary of PB Fintech
- The investment will allow PB Pay to meet its general operating expenses
- PB Pay's business activity as a payment aggregator is subject to RBI approval
- PB Pay has been granted an In-Principle authorisation to operate as an Online Payment Aggregator by the RBI