1. INTRODUCTION:
Pricing Policy is a key aspect of the business being undertaken as an ‘Account Aggregator’ by PB Financial Account Aggregators Private Limited (PB).
2. OBJECTIVE OF POLICY
The objective of this Policy is to achieve the following goals;
- Transparency: The objective here is to be transparent to the stakeholders [which is Financial Information user (FIU) or otherwise] while laying / intending to lay a charge for use of services. A copy of the policy shall be available in public domain - Website and / or Mobile App.
- Access: PB will act as a bridge between Financial Information Provider (FIP) and FIU and will provide access to, retrieving or collecting such financial information and consolidating, organizing and presenting such information to FIU or customer as may be relevant & strictly based on consent, from time to time.
- Best in class service: Being a tech first service, PB shall layout best in class Information Technology architecture enabling ecosystem participants to benefit from its services.
3. PRICING METHODOLOGY
PB lays a lot of emphasise on charging right to its stakeholders. The same may depend on various factors like economic, market conditions, competition etc. PB may therefore consider having various pricing structures as below:
- Slab based pricing
- No of fetch
- One time set up fee
- Free Service for a specific period of time
4. REVIEW AND DEVIATION
This Policy is subject to review by the Company as and when necessary.
Further, any changes to the Pricing methodology may be adopted by the CEO based on economic, market conditions, competition etc.
The final pricing structure will be reviewed once PB services go live. The same may depend on various factors like economic, market conditions, competition, board decision etc.
If you wish to seek more information, please write to us on pricing@pbfintechaa.com