Reserve Bank of India (RBI) grants Payment Aggregator licence to PB Pay Private Limited

Exam-focused facts from the 12 February 2026 current affairs briefing.

Key facts

The Reserve Bank of India (RBI) has granted a Payment Aggregator licence to PB Pay Private Limited, which is a wholly owned subsidiary of PB Fintech.
The Certificate of Authorisation was issued by the RBI on 6th February and became effective immediately.
The final approval follows an in-principle nod granted by the central bank to the subsidiary in early 2024.
PB Fintech is the parent organisation of the online insurance marketplace Policybazaar and the lending platform Paisabazaar.