Photobiocatalysis has emerged as a powerful tool in organic synthesis because the integrated technology blends the complementary advantages of the two distinct catalytic subdisciplines. More important, photobiocatalysis holds great promise for green manufacturing of various chemicals, materials, and fuels. In this perspective, we summarize recent impressive developments in photobiocatalysis, ranging from parallel/linear photobiocatalytic cascades and light-assisted biotransformations to synergistic photoenzymatic catalysis, and discuss the major limitations. In addition, multicatalytic processes beyond photobiocatalysis are highlighted, and an outlook on future research directions is proposed.