One Mobikwik Receives In-Principle Authorization to Operate as Physical Payment Aggregator from RBI
One Mobikwik Systems Limited announced that the Reserve Bank of India (RBI) has granted an in-principle authorization to the company. This approval allows the entity to operate as a Payment Aggregator - Physical under the Payment and Settlement Systems Act, 2007.The authorization significantly boosts the company's operational scope, providing the capacity to pursue business expansion in the offline merchant business sector.
Key details regarding the regulatory approval received by One Mobikwik Systems Limited include:
| Detail | Description |
|---|---|
| Regulatory Authority | The Reserve Bank of India |
| Authorization Granted | In-Principle authorisation to operate as a Payment Aggregator - Physical under the Payment and Settlement Systems Act, 2007 |
| Impact/Relevance | Allows the Company to pursue business expansion in offline merchant business |
| Approval Period | The in-principle approval was issued on May 25, 2026, and does not have an expiry date |
| Applicable Status | No withdrawal, cancellation, or suspension of the license/approval was reported as applicable |
The achievement positions One Mobikwik Systems Limited to further expand its services by focusing on physical payment aggregation capabilities, marking a key milestone for its growth plans within the financial technology landscape.
MOBIKWIK Stock Price Movement
Today, One Mobikwik Systems Limited shares edged higher, closing at ₹199.35 after gaining 4.28% on a strong trading day. The equity settled with robust volume, with shares trading across 5.63 million units.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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