MobiKwik bags RBI in-principle PA-Physical nod, stock jumps 8%
MobiKwik shares surged nearly 8% to Rs 205.60 after RBI granted in-principle approval for its Physical Payment Aggregator license. The clearance lets MobiKwik scale offline merchant payments across kirana, fuel outlets and organised retail, targeting 10x growth on its 4.9 million merchant base by FY28.
What happened
Mobikwik · MobiKwik shares jumped ~8% after receiving RBI's in-principle PA-Physical license, enabling expansion of offline merchant payments across small
Key facts
- 7.50%
- Rs 205.60
- 4.9 million merchants
- $1.8-2 trillion GMV by FY28
- 10x growth by FY28
Why this matters
An RBI-licensed PA-Physical player with offline merchant ambitions becomes a sharper M&A or partnership target in the omni-channel acceptance stack, especially for banks, BNPL platforms and POS networks lacking direct kirana reach.