MobiKwik Expands FX Retail Offering to Six Currencies, Becoming Only Private Player with Multi-Currency Solution in Partnership with NPCI
One MobiKwik Systems Ltd. (MobiKwik), a leading digital wallet in India, has significantly expanded its Foreign Exchange (FX) Retail services, now supporting six currencies. The expansion adds AED, CAD, GBP, EUR, and CHF to its existing USD offering.With this enhancement, MobiKwik is positioned as the only private player offering a multi-currency FX Retail solution, developed in partnership with NPCI Bharat BillPay Limited (NBBL). The service expansion was unveiled at the Global Fintech Fest (GFF) 2026.
The multi-currency offering allows customers to access foreign exchange digitally to meet diverse international needs, including overseas travel and education. Through the FX Retail service, users can digitally book foreign currency, top up Forex cards, and remit funds overseas.
The service is powered by NBBL in collaboration with the Clearing Corporation of India Ltd. (CCIL) and is delivered through the Bharat Connect ecosystem.
Transaction Details and Market Scale
MobiKwik first introduced its digital foreign exchange offering at GFF 2025, starting with USD transactions. Since its initial launch, the Forex category on Bharat Connect has demonstrated strong growth. During the first four months of FY2026-27, NBBL processed Forex transactions valued at ₹111.91 million.The service is designed with live bank-linked pricing to ensure greater transparency and convenience for customers accessing foreign exchange digitally.
Key aspects of the FX Retail service, including supported currencies and transaction limits, are summarized below:
| Feature | Detail |
|---|---|
| Current Currencies Offered | 6 (USD, AED, CAD, GBP, EUR, CHF) |
| Currency Note Limit | Up to USD 3,000 equivalent per transaction |
| Card and Remittance Limit | Up to USD 10,000 equivalent per transaction |
| Service Eligibility | Resident individuals (subject to PAN and primary-account-holder validation) |
Strategic Focus and Market Standing
Bipin Preet Singh, Co-founder, MD & CEO of MobiKwik, commented on the expansion, stating that the goal is to use technology to simplify daily financial experiences. He noted that the growing diversity of financial needs among Indians who travel and study overseas is being addressed through the multi-currency offering, ensuring a seamless and accessible experience on the MobiKwik app.One MobiKwik Systems Ltd. operates as one of India's largest digital wallets, serving 193 million registered users and 5.02 million merchants. As of June 2026, MobiKwik holds a 19% market share of PPI wallet gross transaction value (GTV).
MOBIKWIK Stock Price Movement
As of 11:55 AM, shares of One Mobikwik Systems Limited are shedding 0.03% in live trading, currently trading at ₹195.25. The stock so far today has seen 464,516 shares changing hands in the live market.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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