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NewsVoir
Gurugram (Haryana) [India], October 27: PB Money, an investment platform with a strategic partnership with Paisabazaar, has received a SEBI license as an Online Bond Platform Provider (OBPP), marking a significant step to expand access to bonds and strengthen the investment experience for retail investors. The license enables PB Money to manage the end-to-end customer journey for bond investments, from investor onboarding and KYC, to bond discovery and evaluation, order placement, payment coordination and post-investment servicing. Through a partnership with Paisabazaar, large and varied consumer segments can discover the offering through Paisabazaars platform and proceed to PB Money to complete their investment journey seamlessly. Bonds remain an underexplored investment avenue for many retail investors, despite their potential to provide regular interest income and support portfolio diversification. With complete ownership of the investment journey, PB Money aims to simplify how consumers discover, evaluate and invest in bonds, while making the asset class easier to understand and access through a digital experience. Santosh Agarwal, Director, PB Money & CEO, Paisabazaar, said, Our vision is to address the evolving financial needs of consumers across their financial lives, and investments are an important part of that journey. Bonds represent an important yet relatively underexplored fixed-income investment avenue for retail investors in India. The OBPP license for PB Money is an important step in enabling a seamless experience across the bond investment journey, while making it easier for consumers to discover and evaluate bonds as part of their broader investment choices. We see significant potential to make a wider range of investment products more accessible to consumers as their financial needs evolve. Through PB Money, investors can explore bonds using parameters such as yield, credit rating and investment amount, helping them compare available opportunities and make informed investment decisions. The platform will focus on simplifying the bond investment experience and enabling consumers to access a wider range of fixed-income investment options. For more details, visit: pbmoney.com About Paisabazaar Paisabazaar, a part of PB Fintech (listed since 2021), is Indias leading marketplace for financial products and a free credit score platform. Over the last 12+ years, Paisabazaar has earned the trust and goodwill of over 58 million consumers from 850 cities and towns across India. Paisabazaar has built wide and deep partnerships across the ecosystem, to offer a broad range of financial products, ranging from loans and cards to investments and savings along with bill payments and mobile recharge. The platform also enables consumers to check their free credit score from all 4 CICs (Credit Bureaus) in India. Paisabazaar is an ISO (27001:2013) and PCI DSS certified organisation, with industry-best controls, to safeguard the best interest of consumers. About PB Money PB Money is an investment platform with a strategic partnership with Paisabazaar, focused on expanding access to bond investments for retail investors. The platform enables investors to discover and compare bonds based on parameters such as yield, credit rating and investment amount, helping them make informed investment decisions. PB Marketing and Consulting Private Limited, a wholly owned subsidiary of PB Fintech Limited, operates PB Money and is a SEBI-registered Online Bond Platform Provider (OBPP) and stockbroker in the debt segment of the National Stock Exchange of India (NSE), enabling investors to access bond offerings and trade in secondary-market bonds and debentures through the exchange. SEBI Registration No.: INZ000333532; NSE Member Code: 90494. For more details, visit www.pbmoney.com. (ADVERTORIAL DISCLAIMER: The above press release has been provided by NewsVoir. ANI will not be responsible in any way for the content of the same.)
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