MobiKwik Receives RBI Payment Aggregator Approval; Shares Jump 5.55%

Mumbai May, 26: One MobiKwik Systems Limited has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator – Physical under the Payment and Settlement Systems Act, 2007.

The company informed stock exchanges that the approval was granted by the RBI on May 25, 2026.

According to the disclosure, the authorisation will enable MobiKwik to expand its presence in the offline merchant payments ecosystem. The company stated that the approval will support business expansion in the offline merchant segment, complementing its existing digital payments offerings.

The in-principle approval does not carry an expiry date, as disclosed in the filing.

Stock Market Snapshot

MobiKwik shares witnessed strong buying interest after the announcement.

As of 12:48 p.m. IST on May 26, 2026, the stock was trading at ₹201.77, up ₹10.61 or 5.55% from the previous close of ₹191.16.

The stock touched ₹205.70 during the session, while the day’s low stood at ₹191.20.

The MobiKwik share price gained sharply as investors welcomed the regulatory development and its potential to strengthen the company’s position in India’s growing merchant payments market.

What The Approval Means

Payment Aggregator – Physical authorisation allows entities to facilitate payment acceptance for offline merchants by acquiring and processing transactions through physical payment acceptance infrastructure.

The approval broadens MobiKwik’s regulatory footprint beyond its existing digital payments ecosystem and could help the company deepen relationships with offline merchants across retail, services and small business segments.

As India’s digital payments market continues to expand, merchant acquisition and payment acceptance infrastructure remain key growth areas for fintech companies seeking to diversify revenue streams.

Company Background

One MobiKwik Systems operates a digital financial services platform offering payments, credit, investment and financial products to consumers and merchants.

The company provides mobile wallet services, UPI-based payments, merchant payment solutions and various fintech offerings across India’s digital ecosystem.

In recent years, MobiKwik has focused on expanding both its consumer payments franchise and merchant services business amid increasing competition in the fintech sector.

Conclusion

The RBI’s in-principle authorisation marks an important regulatory milestone for MobiKwik and opens a new avenue for growth in offline merchant acquiring.

While operational rollout details are yet to emerge, the approval strengthens the company’s ability to participate more broadly in India’s payments infrastructure landscape, a development that was positively received by investors.

Source:

• https://www.nseindia.com/get-quote/equity/MOBIKWIK/One-Mobikwik-Systems-Limited
• https://nsearchives.nseindia.com/corporate/MOBIKWIK_26052026122610_Intimation.pdf