MobiKwik Launches Instant Forex Service in Partnership With NBBL
By Shishta Dutta | Published at: Nov 11, 2025 07:07 PM IST
Gurugram, November 11, 2025: MobiKwik (NSE: MOBIKWIK | BSE: 544305), a leading digital wallet and UPI platform in India, has launched its instant Forex payment service through a mobile app partnership with NPCI Bharat BillPay Limited (NBBL). With this launch, MobiKwik becomes one of the first three fintech companies in India to offer digital foreign exchange services via a mobile app, enabling seamless cross-border financial transactions for a broader user base.
Introduction of Instant Forex on the MobiKwik App
The game-changing Forex tool allows users to buy, reload, or transfer USD directly through the MobiKwik app in real time, leveraging the T+0 same-day facility.
The service is powered by Bharat Connect, enabling customers to make payments via UPI or net banking at a fixed foreign exchange rate. For domestic deliveries, goods can be dispatched from a partnered bank branch. For international transactions, funds can be transferred to a foreign bank account on the same day, making the entire process seamless, fast, and efficient.
Improving Digital Forex Accessibility
By using a digital-first solution instead of local money changers, MobiKwik makes the forex process easier with accurate pricing, secure transactions, and immediate access. The availability of this facility can be very useful. Especially when students have to pay university fees abroad, families plan a vacation abroad, or small enterprises need to make foreign currency payments.
Leadership Commentary
Bipin Preet Singh, Co-founder, MD & CEO of MobiKwik, was the first to pinpoint the main mission of the company: “The company has been on a mission to make financial services available to every Indian”.
He explained that with the introduction of Forex payments, MobiKwik became the first mobile-led foreign exchange service in India. He also pointed out that MobiKwik is one of the driving forces leading such services, where users can effectively practice mobile banking by putting up competitive rates, topping up forex cards, and sending money abroad all via direct mobile banking.
Noopur Chaturvedi, MD & CEO of NPCI Bharat BillPay Limited, was convinced that MobiKwik, along with the Forex segment in Bharat Connect, presents a radical and visionary step to buy foreign currency.
Stock Performance
The news was met with positivity by investors, as the share price of Mobikwik closed 1.79 per cent or ₹4.40 higher than the previous session at ₹250 per share. The intraday high and low were ₹252 and ₹240.60, respectively. Despite the surge today, the stock has fallen close to 9.34% in the past month.
Strategic Vision and Future Plans
MobiKwik currently facilitates transactions in USD and will add more currencies over time. This development further aligns with the company’s long-term vision to use financial inclusion as a lever in positioning India as a global fintech hub through secure, indigenously developed innovations.
REF: https://nsearchives.nseindia.com/corporate/MOBIKWIK_11112025160318_Press_Release.pdf
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