MobiKwik Wins RBI In-Principle Nod For Offline Payment Aggregator Licence
RBI's in-principle PA-Physical approval clears MobiKwik to onboard offline merchants directly, complementing Zaakpay's online PA licence and a recent NBFC nod. CEO Bipin Preet Singh is targeting a 10x merchant business by FY28. Shares rose 3.7% to ₹198.40 on the news.
What happened
Mobikwik · MobiKwik received RBI in-principle approval for a payment aggregator-physical (PA-P) licence, enabling expansion into offline merchant payments. CEO
Key facts
- ₹4.4 Cr Q4 FY26 net profit
- ₹288.7 Cr revenue
- 7.8% revenue growth
- 10x merchant growth target by FY28
- shares up 3.7% at ₹198.40
Why this matters
The triple-licence stack makes MobiKwik a more credible consolidator or partner for offline-heavy SaaS, POS, and lending players seeking a regulated distribution arm in India's omni-channel merchant stack.
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