MobiKwik shares soared 8% after receiving in-principle approval from the Reserve Bank of India to operate as an offline payment aggregator under regulatory guidelines.
MobiKwik can now expand its offline merchant payments business across India
May 26, 2026
01:40 pm
What's the storyShares of MobiKwik surged by as much as 8% on Tuesday after the Reserve Bank of India (RBI) granted the company in-principle approval to operate as a Payment Aggregator - Physical (PA-P).
The approval was given under the Payment and Settlement Systems Act, 2007.
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