MobiKwik bags RBI offline payment aggregator nod, eyes 10X merchant growth by FY28
Fresh off NBFC approval, MobiKwik secures in-principle RBI clearance for a Payment Aggregator-Physical licence. The Gurugram fintech will push Soundbox and EDC devices into 4.9 million merchants across small business, fuel and organised retail segments to deepen offline payment rails.
What happened
Mobikwik · MobiKwik received RBI in-principle approval for a Payment Aggregator-Physical licence to scale offline merchant payments. It plans 10X merchant
Key facts
- 4.9 million merchants
- 10X growth by FY28
- Rs 289 crore Q4 FY26 revenue
- Rs 4.4 crore profit
- 8% YoY revenue growth
Why this matters
MobiKwik's dual-licence stack (lending + offline acquiring) makes it a sharper acquisition or partnership target for banks and retail chains seeking integrated merchant payment infrastructure.
Also reported by
- Entrackr — Same time