With ₹20 crore infused and RBI approval locked in, PB Pay is now processing UPI, cards, and net banking for merchants under one roof. Why does this matter? Because instead of paying third-party gateways, Policybazaar and Paisabazaar will now keep those fees in-house; boosting margins and tightening control over the entire customer journey. This isn’t just tech scaling; it’s ecosystem domination. With 28,330 employees and 92% YoY profit growth, PB Fintech is no longer just a marketplace. It’s building its own financial backbone. For investors, this means margin expansion + moat-building. For competitors? A new heavyweight in payments. Watch how fast they onboard external merchants; that’s the real test.