Mobikwik Systems secured RBI's in-principle nod for a Payment Aggregator-Physical license, paving the way for offline merchant payments. This strategic move, following an NBFC license, targets significant growth in under-penetrated markets, aiming for 10x expansion in its merchant business by FY28.

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.

One MobiKwik Systems shares surged after the company received in-principle RBI approval for its Payment Aggregator-Physical licence, strengthening its offline merchant payments…

Mobikwik Systems secured RBI's in-principle nod for a Payment Aggregator-Physical license, paving the way for offline merchant payments. This strategic move, following an NBFC…