PB Pay received a Payment Aggregator authorisation from the Reserve Bank of India (RBI) in February 2026. The platform brings multiple payment methods, including UPI, cards, net banking, wallets, EMI and recurring payment options, under a single integration, according to the company.
The launch marks PB Fintech’s expansion into digital payments beyond its existing insurance and credit businesses.
PB Pay said its platform supports recurring payment options such as UPI Autopay, e-mandates and card subscriptions. It also offers merchants a dashboard for transaction monitoring, analytics, dispute management and vendor payouts.
The company said the platform uses a rules-based routing system to direct transactions to different payment gateways based on factors such as approval likelihood and processing costs.
“Many merchants face challenges in accessing different autopay options and affordability solutions while maintaining payment success rates,” Harsh Masta, CEO of PB Pay, said.
The company said its payment infrastructure has been developed using the group’s experience with digital payments in the insurance business, where recurring premium payments and mandates are widely used.
PB Pay also said it uses PCI DSS compliance, ISO 27001 certification, encryption and continuous transaction-risk monitoring as part of its security framework.
The payment aggregator market has expanded alongside the growing use of digital payment methods in India. Merchants need to support multiple modes of payment, while managing transaction processing, settlements, disputes and recurring mandates.
PB Fintech said merchants can integrate PB Pay through APIs and test the service in a sandbox environment before going live.
