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PB Fintech Subsidiary Gets Account Aggregator Licence

  • PB Financial Account Aggregator Private Limited, a subsidiary of PB Fintech, has received a Certificate of Registration (CoR) from the Reserve Bank of India.
  • The subsidiary can now operate as a non-banking financial institution as an account aggregator, without accepting public deposits.
  • The account aggregator framework enables secure transfer of customer information with their consent and consists of financial information providers (FIPs) and financial information users (FIUs).
  • PB Fintech is also planning to enter the payment aggregation business and the healthcare space.

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