MobiKwik bags RBI nod for offline merchant payments push

RBI's in-principle Payment Aggregator-Physical licence lets MobiKwik chase offline merchants, stacking on April's NBFC win. Q4FY26 swung to Rs 4.4 cr profit from Rs 56 cr loss; revenue Rs 288.7 cr, up 7.8% YoY, even as FIRs cloud the Xtra P2P product.

— Source publishedTue, 26 May, 2026, 21:57 IST·First seen Tue, 26 May, 2026, 22:07 IST·Source YourStory

What happened

Mobikwik · MobiKwik received RBI in-principle approval for a Payment Aggregator-Physical licence, enabling expansion into offline merchant payments. Follows

Key facts

  • Rs 4.4 crore Q4 net profit
  • Rs 56 crore prior loss
  • Rs 288.7 crore revenue
  • 7.8% YoY revenue growth

Why this matters

With offline acquiring rights now in hand, scout bolt-on POS, merchant SaaS, or regional acquirer targets to accelerate distribution while the Xtra overhang depresses peer valuations.

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